Published on 5/10/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.34 million trigger jump notes on Euro Stoxx 50
New York, May 10 – Credit Suisse AG, London Branch priced $4.34 million of 0% trigger jump securities due May 30, 2019 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 of $10 plus the greater of the upside payment of 27.2% and the index return. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline from the initial level if the index declines by more than 10%.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4.34 million
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Maturity: | May 30, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is zero or positive, par plus greater of 27.2% and index return; par if index falls by up to 10%; 1% loss for each 1% decline from initial level if index falls by more than 10%
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Initial index level: | 3,658.79
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Trigger level: | 3,292.91, 90% of initial index level
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Pricing date: | May 5
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Settlement date: | May 10
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Underwriter: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management as dealer
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Fees: | 2.5%
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Cusip: | 22549A869
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