Published on 7/19/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $858,500 PLUS linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, July 19 – Credit Suisse AG, London Branch priced $858,500 of 0% Performance Leveraged Upside Securities due Nov. 4, 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 300% of the index return up to a maximum gain of 26.55%. If the index return is negative, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $858,500
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Maturity: | Nov. 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return up to a maximum gain of 26.55%; if index return is negative, 1% loss for every 1% that index declines from initial level
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Initial level: | 3,501.58
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Pricing date: | July 17
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Settlement date: | July 22
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management as a dealer
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Fees: | 2.25%
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Cusip: | 22550F658
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