Published on 10/26/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $750,000 buffered notes due 2019 linked to S&P
By Sarah Lizee
Olympia, Wash., Oct. 26 – Credit Suisse AG, London Branch priced $750,000 of 0% buffered notes due Nov. 13, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, finishes flat or falls by up to 10%, the payout will be par plus 7.6%.
Otherwise, investors will lose 1.1111% for each 1% decline beyond the 10% buffer.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered notes
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Underlying index: | S&P 500 index
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Amount: | $750,000
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Maturity: | Nov. 13, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains, finishes flat or falls by up to 10%, par plus 7.6%; otherwise, 1.1111% loss for each 1% decline beyond the 10% buffer
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Initial index level: | 2,656.10
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Pricing date: | Oct. 24
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Settlement date: | Oct. 29
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22551LHF0
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