Published on 5/26/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.07 million of market-linked notes on Euro Stoxx
By Devika Patel
Knoxville, Tenn., May 26 – Credit Suisse AG, London Branch priced $5.07 million of 0% market-linked securities due May 24, 2022 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 the gain, subject to a maximum return of $7.30 per $10.00 of notes. If the index return is flat or negative, the payout will be par.
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: | Market-linked securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,065,000
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Maturity: | May 24, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus any index gain, capped at $7.30 per $10.00 of notes; if index return is flat or negative, par
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Initial index level: | 3,587.01
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | Credit Suisse Securities (USA) LLC
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 3.4%
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Cusip: | 17325K156
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