Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $14.45 million Capped Leveraged Index Return Notes on Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., May 29 – Credit Suisse AG, London Branch priced $14.45 million of 0% Capped Leveraged Index Return Notes due July 26, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 18.9%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
BofA Merrill Lynch is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $14,452,050
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Maturity: | July 26, 2019
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Par plus double any index gain, up to a maximum return of 18.9%; par if the index falls by up to 5%; 1% loss for every 1% decline beyond 5%
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Initial level: | 3,521.76
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Threshold level: | 3,345.67, 95% of initial level
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Pricing date: | May 24
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Settlement date: | June 1
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Agent: | BofA Merrill Lynch
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Fees: | 2%
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Cusip: | 22548Y686
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