Published on 11/3/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3 million of buffered PLUS linked to Euro Stoxx
By Devika Patel
Knoxville, Tenn., Nov. 3 – Credit Suisse AG, London Branch, priced $3 million of 0% buffered Performance Leveraged Upside Securities due May 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum payment of $13.85 per PLUS.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management as distributor.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $2,996,000
|
Maturity: | May 3, 2019
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is positive, par of $10 plus double the index return, subject to a maximum payment of $13.85 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
|
Initial level: | 3,055.25
|
Pricing date: | Oct. 31
|
Settlement date: | Nov. 4
|
Agent: | Credit Suisse Securities (USA) LLC
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 3%
|
Cusip: | 22548T414
|
|
© 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.