Published on 8/27/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $548,000 Bares linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 27 – Credit Suisse AG, London Branch priced $548,000 of 0% Buffered Accelerated Return Equity Securities due Aug. 30, 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 116% of the index return. Investors will receive par if the index falls by up to 25% and lose 1% for every 1% that the index declines beyond 25%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $548,000
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Maturity: | Aug. 30, 2022
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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 116% of index return; par if index falls by up to 25%; 1% loss for every 1% index declines beyond 25%
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Initial level: | 7,464.995
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Buffer level: | 6,718.4955, or 75% of initial level
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Pricing date: | Aug. 23
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Settlement date: | Aug. 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22552FPW6
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