Published on 10/31/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.04 million Bares due 2020 on Russell 2000 fund
By Susanna Moon
Chicago, Oct. 31 – Credit Suisse AG, London branch priced $3.04 million of 0% Buffered Accelerated Return Equity Securities due April 23, 2020 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times of any fund gain, up to a maximum of $1,190 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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 asset: | iShares Russell 2000 ETF
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Amount: | $3,035,000
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Maturity: | April 23, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, up to a cap of 19%; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
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Initial level: | $155.00
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Pricing date: | Oct. 18
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Settlement date: | Oct. 23
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Agent: | UBS Financial Services Inc.
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Fees: | None
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Cusip: | 22551LEN6
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