Published on 7/8/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $5.29 million PLUS linked to S&P 500
By Marisa Wong
Morgantown, W.Va., July 8 – Credit Suisse AG, London Branch priced $5.29 million of 0% Performance Leveraged Upside Securities due Aug. 4, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 14.85%. If the index return is negative, investors will be exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $5,285,500
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Maturity: | Aug. 4, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 14.85% maximum return; if index declines, full exposure to decline
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Initial level: | 2,102.95
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Pricing date: | July 1
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Settlement date: | July 7
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 22548R657
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