Published on 11/2/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $363,000 5.5-year market-linked notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 2 – Credit Suisse AG priced $363,000 of 0% market-linked notes due April 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 50%.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Credit Suisse AG
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
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| Amount: | $363,000
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| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain, capped at 50%; if the index falls, par
|
| Initial level: | 2,560.40
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 22550BMY6
|
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