Published on 7/20/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $8.27 million trigger jump notes tied to Apple
New York, July 20 – Credit Suisse AG, London Branch priced $8.27 million of 0% trigger jump securities due Aug. 5, 2019 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple stock finishes at or above its initial price, the payout at maturity will be par plus 28.6%.
Investors will receive par if Apple shares fall by up to 10% and will be fully exposed to any losses if the stock finishes below the 90% knock-in level.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger jump securities
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Underlying stock: | Apple Inc. (Symbol: AAPL)
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Amount: | $8,265,700
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If Apple stock finishes at or above its initial price, par plus 28.6%; par if Apple shares fall by up to 10%; full exposure to any losses if the stock finishes below the knock-in level
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Initial price: | $149.04
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Knock-in price: | $134.14, 90% of initial level
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Pricing date: | July 14
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Settlement date: | July 19
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.5%
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Cusip: | 22549C451
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