Published on 5/6/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.16 million buffered accelerated return notes on S&P
By Sarah Lizee
Olympia, Wash., May 6 – Credit Suisse AG, London Branch priced $4.16 million of 0% buffered accelerated return equity securities due June 3, 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 par plus 200% of the index return, capped at par plus 9.25%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | S&P 500
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Amount: | $4,157,000
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Maturity: | June 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return, capped at par plus 9.25%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10%
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Initial index level: | 2,945.83
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Buffer level: | 2,651.247, 90% of initial level
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Pricing date: | April 30
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Settlement date: | May 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.68%
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Cusip: | 22552F4M1
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