Published on 6/21/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.49 million 15-month PLUS linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., June 21 – Credit Suisse AG, London Branch priced $2.49 million of 0% Performance Leveraged Upside Securities due Oct. 3, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 17.8%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $2,494,760
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Maturity: | Oct. 3, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, up to a maximum return of 17.8%; investors will be exposed to any losses
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Initial level: | 1,406.728
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Pricing date: | June 16
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Settlement date: | June 21
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 22549C253
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