Published on 3/26/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.34 million return enhanced notes on Taiwan Stock index
By Marisa Wong
Morgantown, W.Va., March 26 – Credit Suisse AG, London Branch priced $1.34 million of 0% return enhanced notes due Sept. 19, 2019 linked to the Taiwan Stock Exchange Capitalization Weighted 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 3.975 times the index gain. Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying index: | Taiwan Stock Exchange Capitalization Weighted index
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Amount: | $1,335,000
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Maturity: | Sept. 19, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3.975 times any index gain; full exposure to losses
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Initial level: | 11,027.70
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Final level: | Average of closing levels on five averaging dates ending Sept. 16, 2019
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Pricing date: | March 16
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Settlement date: | March 21
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 22550WJU2
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