Published on 1/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $83.01 million accelerated return notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Credit Suisse AG, London Branch priced $83.01 million of 0% accelerated return equity securities due March 29, 2019 linked to the Euro Stoxx 50 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 plus 300% of the index return up to a 20.35% underlying return cap.
Investors will be fully exposed to any decline in the index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London
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Issue: | Accelerated return equity securities
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Underlying index: | Euro Stoxx 50
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Amount: | $83,009,930
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Maturity: | March 29, 2019
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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, up to 20.35% underlying return cap; full exposure to any index decline
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Initial index level: | 3,630.15
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2%
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Cusip: | 22548Y850
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