Published on 8/3/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $900,000 dual directional capped knock-out notes on Russell
By Sarah Lizee
Olympia, Wash., Aug. 3 – Credit Suisse AG, London Branch priced $900,000 of 0% dual directional capped knock-out notes due Aug. 14, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus the index return, subject to an upside maximum return of 8%.
If the index finishes flat or falls by up to 16.75%, the payout will be par plus the absolute value of the index return.
If the index falls by more than 16.75%, investors will be fully exposed to the decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Dual directional capped knock-out notes
|
Underlying index: | Russell 2000
|
Amount: | $900,000
|
Maturity: | Aug. 14, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus index return, capped at 8%; if index declines by 16.75% or less, par plus absolute value of return; otherwise, full exposure to any losses
|
Initial level: | 1,663.340
|
Final level: | Average of closing index levels on five trading days ending Aug. 9, 2019
|
Pricing date: | July 27
|
Settlement date: | Aug. 1
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 22550BWB5
|
© 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.