Published on 12/5/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $765,000 CS notes linked to RavenPack AIS Balanced
By Wendy Van Sickle
Columbus, Ohio, Dec. 5 – Credit Suisse AG, London Branch priced $765,000 of 0% CS notes due Nov. 29, 2023 linked to the Credit Suisse RavenPack AIS Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 140% of any index gain. If the index falls, the payout will be par.
Incapital LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | CS notes
|
| Underlying index: | Credit Suisse RavenPack AIS Balanced 5% ER index
|
| Amount: | $765,000
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| Maturity: | Nov. 29, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of index return, subject to minimum payout of par
|
| Initial level: | 225.7515
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | Incapital LLC
|
| Fees: | 3.25%
|
| Cusip: | 22551N4J2
|
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