Published on 1/9/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.08 million ARES linked to basket of 10 stocks
By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – Credit Suisse AG, London Branch priced $2.08 million of 0% Accelerated Return Equity Securities due Feb. 9, 2021 linked to an equally weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Advanced Micro Devices, Inc., Alibaba Group Holding Ltd., Costco Wholesale Corp., Facebook, Inc., lululemon athletica inc., Netflix, Inc., Pioneer Natural Resources Co., Qualcomm Inc., Roku, Inc. and Zimmer Biomet Holdings, Inc.
The payout at maturity will be par plus 300% of any basket gain, up to a basket return cap of 21.75%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated Return Equity Securities
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| Underlying basket: | Advanced Micro Devices, Inc. (Symbol: AMD), Alibaba Group Holding Ltd. (Symbol: BABA), Costco Wholesale Corp. (Symbol: COST), Facebook, Inc. (Symbol: FB), lululemon athletica inc. (Symbol: LULU), Netflix, Inc. (Symbol: NFLX), Pioneer Natural Resources Co. (Symbol: PXD), Qualcomm Inc. (Symbol: QCOM), Roku, Inc. (Symbol: ROKU) and Zimmer Biomet Holdings, Inc. (Symbol: ZBH)
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| Amount: | $2,075,000
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| Maturity: | Feb. 9, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any basket gain, up to a basket return cap of 21.75%; full exposure to any losses
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| Initial prices: | $49.10 for Advanced Micro, $219.77 for Alibaba, $291.49 for Costco, $209.78 for Facebook, $233.42 for lululemon, $329.81 for Netflix, $152.34 for Pioneer, $88.69 for Qualcomm, $137.10 for Roku, $149.20 for Zimmer
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 9
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0%
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| Cusip: | 22551NGZ3
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