Published on 4/17/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.4 million market-linked notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 17 – Credit Suisse AG priced $5.4 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 16%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Credit Suisse AG
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $5.4 million
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Maturity: | Oct. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 16%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,500.93
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Threshold level: | 3,150.837, 90% of initial level
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Wells Fargo Securities, LLC
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Fees: | 2.23%
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Cusip: | 22548QX59
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