Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $903,000 trigger PLUS on Tokyo Stock Price index
By Sarah Lizee
Olympia, Wash., July 8 – Credit Suisse AG, London Branch priced $903,000 of 0% trigger Performance Leveraged Upside Securities due July 3, 2024 linked to the Tokyo Stock Price index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 200% of the index return.
If the index falls by up to its 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter. Morgan Stanley Smith Barney LLC is handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Tokyo Stock Price
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Amount: | $903,000
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Maturity: | July 3, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of the index return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
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Initial level: | 1,551.14
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Trigger level: | 1,008.24, 65% of initial level
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Pricing date: | June 28
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Settlement date: | July 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 3.5%
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Cusip: | 22550F492
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