Published on 4/27/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $505,000 CS notes linked to Swiss Market index
By Marisa Wong
Morgantown, W.Va., April 27 – Credit Suisse AG, London Branch priced $505,000 of CS notes due April 18, 2023 linked to the Swiss Market index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 185.75% of any index gain.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | Swiss Market index
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Amount: | $505,000
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Maturity: | April 18, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 185.75% of index return, floor of par
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Initial level: | 8,776.17
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Pricing date: | April 13
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Settlement date: | April 18
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.25%
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Cusip: | 22550WNS2
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