Published on 5/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.44 million buffered PLUS linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 3 – Credit Suisse AG, London Branch priced $7.44 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, up to $12.05 per $10 PLUS. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | S&P 500
|
Amount: | $7,441,370
|
Maturity: | Nov. 3, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of index return up to $12.05 per $10 PLUS; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
Initial level: | 2,945.83
|
Pricing date: | April 30
|
Settlement date: | May 3
|
Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC handling distribution
|
Fees: | 3%
|
Cusip: | 22550F245
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.