Published on 5/24/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $173,000 CS notes on CS Retiree Consumer index
By Wendy Van Sickle
Columbus, Ohio, May 24 – Credit Suisse AG, Nassau Branch priced $173,000 of CS notes due May 27, 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: | $173,000
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Maturity: | May 27, 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: | 152.3300
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Pricing date: | May 20
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Settlement date: | May 27
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 22548Q5R2
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