Published on 2/26/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $155,000 ARES on iShares China Large-Cap ETF
By Marisa Wong
Morgantown, W.Va., Feb. 26 – Credit Suisse AG, London Branch priced $155,000 of 0% Accelerated Return Equity Securities due Feb. 23, 2021 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any ETF gain, capped at 75%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Equity Securities
|
| Underlying ETF: | iShares China Large-Cap ETF
|
| Amount: | $155,000
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| Maturity: | Feb. 23, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus 300% of the fund return, capped at 75%; full exposure to losses
|
| Initial fund level: | $49.37
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 26
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22550WD61
|
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