Published on 11/15/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $800,000 ARES linked to VanEck Vectors Semiconductor
By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – Credit Suisse AG, London Branch priced $800,000 of 0% Accelerated Return Equity Securities due Oct. 21, 2019 linked to the VanEck Vectors Semiconductor exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, capped at 24.5%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Equity Securities
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| Underlying ETF: | VanEck Vectors Semiconductor ETF
|
| Amount: | $800,000
|
| Maturity: | Oct. 21, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus 200% of the fund return, capped at 24.5%; full exposure to losses
|
| Initial fund level: | $92.49
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 20
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.25%
|
| Cusip: | 22551LL81
|
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