Published on 2/9/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7.40 million trigger PLUS on Hang Seng China
By Marisa Wong
Morgantown, W.Va., Feb. 9 – Credit Suisse AG, London Branch priced $7,395,150 of 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 32.5%.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% trigger level.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Hang Seng China Enterprises index
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Amount: | $7,395,150
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of 32.5%; par if the index falls by up to 15%; full exposure to any losses if the index finishes below trigger level
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Initial index level: | 13,561.65
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Trigger level: | 11,527.40, 85% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 2.5%
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Cusip: | 22549E226
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