Published on 12/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5.91 million PLUS tied to basket of indexes, funds
By Sarah Lizee
Olympia, Wash., Dec. 3 – Credit Suisse AG, London Branch priced $5.91 million of 0% Performance Leveraged Upside Securities due Dec. 24, 2020 linked to a basket of indexes and funds, according to a 424B2 with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, and the Russell 2000 index, the Euro Stoxx 50 index, the WisdomTree Japan Hedged Equity Fund, the Industrial Select Sector SPDR Fund and the Financial Select Sector SPDR Fund, each with a 12% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payment of $11.285 per PLUS.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index with a 40% weight; Russell 2000 index, the Euro Stoxx 50 index, the WisdomTree Japan Hedged Equity Fund, the Industrial Select Sector SPDR Fund and the Financial Select Sector SPDR Fund, each with a 12% weight
|
| Amount: | $5,912,600
|
| Maturity: | Dec. 24, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any basket gain, up to a maximum payment of $11.285 per PLUS; full exposure to losses
|
| Initial levels: | 3120.18 for S&P, 1598.292 for Russell, 3696.56 for Stoxx, $54 for WisdomTree, $81.93 for industrial fund, $29.87 for financial fund
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 22
|
| Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 22550K608
|
|
|
© 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.
