Published on 10/4/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.09 million trigger jump securities on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Credit Suisse AG, London Branch priced $4.09 million of 0% trigger jump securities due Oct. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus 62.5%.
The payout will be par if the index declines by 35% or less. If the index declines by more than 35%, investors will lose 1% for each 1% decline from the initial level.
Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $4,086,130
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Maturity: | Oct. 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is zero or positive, par plus 62.5%; par if the index declines by 35% or less; otherwise, 1% loss for each 1% decline from the initial level
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Initial level: | 3,569.45
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Downside threshold: | 2,320.14, 65% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 22550K236
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