Published on 3/9/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $282,000 Bares linked to S&P 500, Russell 2000
By Susanna Moon
Chicago, March 9 – Credit Suisse AG, London branch priced $282,000 of 0% Buffered Accelerated Return Equity Securities due March 28, 2019 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain of the worse performing index up to a maximum return of 9.75%.
Investors will receive par if either index falls by up to 10% and will lose 1% for each 1% decline of the worse performing index beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $282,000
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Maturity: | March 28, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any gain of worse performing index, capped at 9.75%; par if either index falls by up to 10%; 1% loss for each 1% decline of worse performing index beyond 10%
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Initial levels: | 2,747.30 for S&P, 1,549.186 for Russell
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Pricing date: | Feb. 23
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Settlement date: | Feb. 27
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.18%
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Cusip: | 22550WB71
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