Published on 12/13/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $212,000 2.5-year Bares linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Dec. 13 – Credit Suisse AG, London Branch priced $212,000 of 0% Buffered Accelerated Return Equity Securities due June 3, 2020 tied 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 plus 132% of the index return. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $212,000
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Maturity: | June 3, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 132% of the index return; par if index falls by up to 10%; 1% loss for every 1% decline in the index beyond 10%
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Initial index level: | 3,569.93
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Buffer level: | 3,212.937, 90% of initial level
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22550BNC3
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