E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Return enhanced notes
Underlying index:Taiwan Stock Exchange Capitalization Weighted index
Amount:$1,335,000
Maturity:Sept. 19, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 3.975 times any index gain; full exposure to losses
Initial level:11,027.70
Final level:Average of closing levels on five averaging dates ending Sept. 16, 2019
Pricing date:March 16
Settlement date:March 21
Agents:JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:1.25%
Cusip:22550WJU2

© 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.