Published on 12/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $12.53 million accelerated return notes on Apple
By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Credit Suisse AG, London Branch priced $12.53 million of 0% accelerated return equity securities due Jan. 29, 2021 linked to the common shares of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 300% of the stock return, capped at par plus 21.96%.
Investors will be fully exposed to any decline in the stock.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated return equity securities
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Underlying stock: | Apple Inc.
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Amount: | $12,530,120
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Maturity: | Jan. 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock return is positive, par plus 300% of stock return capped at par plus 21.96%; full exposure to decline
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Initial stock level: | $265.36
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Pricing date: | Nov. 26
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Settlement date: | Dec. 4
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2%
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Cusip: | 22550J809
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