Published on 1/3/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.58 million 18-month Bares linked to S&P 500
By Marisa Wong
Los Angeles, Jan. 3 – Credit Suisse AG, London Branch priced $1.58 million of 0% Buffered Accelerated Return Equity Securities due July 6, 2021 linked to the S&P 500 index, according to a 424B3 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 gain, subject to a maximum return of 12.25%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index declines beyond 10%.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
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 index
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Amount: | $1,575,000
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Maturity: | July 6, 2021
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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 gain, up to 12.25% maximum return; par if index falls by up to 10%; 1% loss for every 1% index declines beyond 10%
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Initial level: | 3,221.29
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Buffer level: | 2,899.161, or 90% of initial level
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Pricing date: | Dec. 30
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Settlement date: | Jan. 3
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Agent: | Credit Suisse Securities (USA) LLC and Incapital LLC
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Fees: | 0.85%
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Cusip: | 22551NBS4
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