Published on 2/26/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $330,000 CS notes on RavenPack AIS Balanced 5%
By Susanna Moon
Chicago, Feb. 26 – Credit Suisse AG, London Branch priced $330,000 of 0% CS notes due Feb. 22, 2024 linked to the Credit Suisse RavenPack AIS Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 300% of any index gain.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | Credit Suisse RavenPack AIS Balanced 5% ER index
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Amount: | $330,000
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Maturity: | Feb. 22, 2024
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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, floor of par
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Initial level: | 209.6695
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Pricing date: | Feb. 15
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Settlement date: | Feb. 22
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Agents: | Credit Suisse Securities (USA) LLC and Incapital LLC
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Fees: | None
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Cusip: | 22551LVC1
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