Published on 8/20/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $284,000 CS notes linked to RavenPack AIS Balanced
By Kiku Steinfeld
Chicago, Aug. 20– Credit Suisse AG, London Branch priced $284,000 of 0% CS notes due July 26, 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 any index gain times 1.97. If the index finishes flat or falls, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
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
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Amount: | $284,000
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Maturity: | July 26, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain times 1.97; otherwise, par
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Initial level: | 221.0796
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Pricing date: | July 19
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Settlement date: | July 26
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Agents: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552FLJ9
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