Published on 5/6/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $550,000 return enhanced notes tied to Alphabet
By Sarah Lizee
Olympia, Wash., May 6 – Credit Suisse AG, London Branch priced $550,000 of 0% return enhanced notes due May 18, 2020 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus double the stock gain, capped at par plus 20.66%. Investors will be fully exposed to any stock decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Return enhanced notes
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Underlying stock: | Alphabet Inc.
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Amount: | $550,000
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Maturity: | May 18, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any stock gain, with return capped at 20.66%; full exposure to losses
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Initial level: | $1,198.96
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Final level: | Average of stock closing levels on each of five trading days ending May 13, 2020
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Pricing date: | April 30
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Settlement date: | May 3
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22552FE73
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