Published on 9/24/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3 million buffered notes linked to Hang Seng China Enterprises
By Marisa Wong
Morgantown, W.Va., Sept. 24 – Credit Suisse AG, London Branch priced $3 million of 0% buffered notes due Sept. 18, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 26%.
Investors will receive par if the index falls by 10% or less and will lose 1.11111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered notes
|
Underlying index: | Hang Seng China Enterprises index
|
Amount: | $3 million
|
Maturity: | Sept. 18, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 26%; par if the index falls by 10% or less; 1.11111% loss for every 1% decline beyond 10%
|
Initial level: | 10,875.58
|
Pricing date: | Aug. 31
|
Settlement date: | Sept. 6
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 22551LA42
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.