Published on 8/10/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse lifts jump securities linked to S&P 500 to $8.42 million
By Marisa Wong
Morgantown, W.Va., Aug. 10 – Credit Suisse AG, London Branch revised the total amount of 0% jump securities due Nov. 5, 2019 linked to the S&P 500 index to $8,418,160 from $8,383,160, according to an amended 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the upside payment of 11.57%.
Investors will be exposed to any losses.
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: | Jump securities
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Underlying index: | S&P 500
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Amount: | $8,418,160
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Maturity: | Nov. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 11.57%; exposure to any losses
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Initial level: | 2,816.29
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Pricing date: | July 31
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Settlement date: | Aug. 3
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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: | 22549R102
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