Published on 12/24/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $787,000 leveraged buffered notes on MSCI EAFE
By Sarah Lizee
Olympia, Wash., Dec. 24 – Credit Suisse AG, London Branch priced $787,000 of 0% leveraged buffered index-linked notes due April 28, 2021 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,171.90 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE
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Amount: | $787,000
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Maturity: | April 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, subject to maximum settlement amount of $1,171.90 per $1,000 of notes; par if index finishes flat or falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial level: | 1,966.94
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Buffer level: | 90% of initial level
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Pricing date: | Dec. 4
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Settlement date: | Dec. 11
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22551NCJ3
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