Published on 3/14/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2 million ARES linked to basket of 10 stocks
By Marisa Wong
Morgantown, W.Va., March 14 – Credit Suisse AG, London Branch priced $2 million of 0% Accelerated Return Equity Securities due Sept. 11, 2019 linked to an equally weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Amazon.com, Inc., BioMarin Pharmaceutical Inc., Horizon Pharma plc, Delta Air Lines, Inc., Wynn Resorts, Ltd., Palo Alto Networks, Inc., salesforce.com, inc., Caterpillar Inc., Tesla, Inc. and MGM Resorts International.
The payout at maturity will be par plus 200% of any basket gain, up to a basket return cap of 26.5%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated Return Equity Securities
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| Underlying basket: | Amazon.com, Inc. (Symbol: AMZN), BioMarin Pharmaceutical Inc. (Symbol: BMRN), Horizon Pharma plc (Symbol: HZNP), Delta Air Lines, Inc. (Symbol: DAL), Wynn Resorts, Ltd. (Symbol: WYNN), Palo Alto Networks, Inc. (Symbol: PANW), salesforce.com, inc. (Symbol: CRM), Caterpillar Inc. (Symbol: CAT), Tesla, Inc. (Symbol: TSLA) and MGM Resorts International (Symbol: MGM)
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| Amount: | $2 million
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| Maturity: | Sept. 11, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any basket gain, up to a basket return cap of 26.5%; full exposure to any losses
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| Initial prices: | $1,523.61 for Amazon, $80.79 for BioMarin, $15.83 for Horizon, $53.79 for Delta, $165.06 for Wynn, $180.27 for Palo Alto, $122.50 for salesforce, $151.12 for Caterpillar, $333.35 for Tesla, $33.85 for MGM
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| Pricing date: | March 8
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| Settlement date: | March 12
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 1.5%
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| Cusip: | 22550WJA6
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