Published on 4/27/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $574,000 CS notes on CS Retiree Consumer index
By Marisa Wong
Morgantown, W.Va., April 27 – Credit Suisse AG, Nassau Branch priced $574,000 of CS notes due April 29, 2021 linked to the CS Retiree Consumer Expenditure 5% Blended Index Excess Return, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 150% of any index gain.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | CS notes
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Underlying index: | CS Retiree Consumer Expenditure 5% Blended Index Excess Return
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Amount: | $574,000
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Maturity: | April 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of index return, floor of par
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Initial level: | 153.8082
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Pricing date: | April 22
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Settlement date: | April 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.75%
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Cusip: | 22548Q2B0
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