Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $6.35 million buffered return enhanced notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – Credit Suisse AG, London Branch sold $6.35 million of 0% buffered return enhanced notes due Aug. 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any index gain, up to a maximum payout of par plus 20.94%.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent. JPMorgan is the placement agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $6.35 million
|
Maturity: | Aug. 11, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.2 times any index gain, capped at 20.94%; par if index falls by up to 15%; 1.17647% loss for every 1% decline beyond 15%
|
Initial index level: | 3,345.78
|
Buffer level: | 2,843.91, 85% of initial level
|
Pricing date: | Feb. 6
|
Settlement date: | Feb. 12
|
Agent: | Credit Suisse Securities (USA) LLC
|
Placement agent: | JPMorgan
|
Fees: | 1.75%
|
Cusip: | 22551NPD2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.