Published on 5/24/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.63 million buffered return enhanced notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., May 24 – Credit Suisse AG, London Branch priced $1.63 million of 0% buffered return enhanced notes due June 21, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return of 17.3%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered return enhanced notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1.63 million
|
Maturity: | June 21, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus two times any index gain, capped at 17.3%; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
|
Initial index level: | 2,962.16
|
Final index level: Average of index’s closing levels on five trading days ending June 16, 2017
|
Pricing date: | May 20
|
Settlement date: | May 25
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1.04%
|
Cusip: | 22548Q6R1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.