Published on 4/5/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $17.94 million leveraged notes linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, April 6 – Credit Suisse AG, London Branch priced $17.94 million of 0% leveraged notes due May 5, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of $1,285 per $1,000 principal amount of notes.
If the index return is negative, investors will be exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged notes
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Underlying index: | Euro Stoxx 50
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Amount: | $17,935,000
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Maturity: | May 5, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum return of 28.5%; if index return is negative, exposure to decline
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Initial level: | 2,680.3
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Pricing date: | April 1
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Settlement date: | April 8
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.95%
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Cusip: | 22551NWU6
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