Published on 4/12/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.86 million 14-month ARES linked to S&P 500
By Marisa Wong
Morgantown, W.Va., April 12 – Credit Suisse AG, London Branch priced $2.86 million of 0% Accelerated Return Equity Securities due May 30, 2019 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 300% of any index gain, up to an underlying return cap of 12.27%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Equity Securities
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Underlying index: | S&P 500
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Amount: | $2.86 million
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Maturity: | May 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, up to an underlying return cap of 12.27%; investors will be exposed to any losses
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Initial index level: | 2,612.62
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Pricing date: | March 27
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Settlement date: | March 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.35%
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Cusip: | 22550WKV8
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