Published on 12/31/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.03 million of buffered notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Credit Suisse AG, London Branch priced $2.03 million of 0% buffered notes due June 24, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be equal to the gain, subject to a maximum payout of 18.5%.
Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $2,031,000
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Maturity: | June 24, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 18.5%; par for any loss up to 20%; 1.25% loss for each 1% decline beyond 20%
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Initial index level: | 2,416.62
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 22551LQL7
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