Published on 12/24/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $510,000 CS notes linked to Euro Stoxx 50 index
By Sarah Lizee
Olympia, Wash., Dec. 24 – Credit Suisse AG, London Branch priced $510,000 of 0% CS notes due Dec. 17, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ever closes above the 180.62% barrier level during the life of the notes, the payout at maturity will be $1,060 for every $1,000 of notes.
Otherwise, the payout will be the greater of par and any index gain.
Incapital LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $510,000
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Maturity: | Dec. 17, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If index ever closes above 180.62% barrier level, par plus 6%; otherwise, greater of par and any gain in the index
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Initial level: | 3,092.60
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Barrier level: | 5,585.85412, 180.62% of initial level
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Pricing date: | Dec. 14
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Settlement date: | Dec. 19
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Agent: | Incapital LLC
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Fees: | 3.8%
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Cusip: | 22551LQ29
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