Published on 12/3/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $38.67 million accelerated return notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Credit Suisse AG, London Branch priced $38.67 million of 0% Accelerated Return Notes due Jan. 31, 2020 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 triple the index return, subject to a cap of 26.82%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $38,668,240
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Maturity: | Jan. 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple the return, capped at 26.82%; 1% loss for every 1% decline
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Initial level: | 3,174.16
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Pricing date: | Nov. 29
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Settlement date: | Dec. 6
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Underwriter: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22548Y439
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