Published on 12/7/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.42 million PLUS due 2020 linked to Russell 2000
By Sarah Lizee
Olympia, Wash., Dec. 7 – Credit Suisse AG, London Branch priced $3.42 million of 0% Performance Leveraged Upside Securities due March 4, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 300% of the gain up to a maximum payment of $11.625 per PLUS.
Investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC as distributor.
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: | $3,418,400
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Maturity: | March 4, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at $11.625 per PLUS; otherwise, 1% loss per 1% decline
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Initial level: | 1,533.266
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | Credit Suisse Securities (USA) LLC
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Dealer: | Morgan Stanley Smith Barney LLC
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Fees: | 2.25%
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Cusip: | 22549R870
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