Published on 1/18/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.76 million PLUS linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 18 – Credit Suisse AG, London Branch priced $6.76 million of 0% Performance Leveraged Upside Securities due May 3, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 3 times the index gain, subject to a maximum return of 25%. Investors will be fully exposed to any index decline.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $6,761,860
|
Maturity: | May 3, 2018
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If final index level is greater than initial index level, par plus 300% of index gain, return capped at 25%; full exposure to any index decline
|
Initial index level: | 3,324.34
|
Pricing date: | Jan. 13
|
Settlement date: | Jan. 19
|
Agent: | Credit Suisse Securities (USA) LLC
|
Distribution: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 22549A182
|
|
© 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.