Published on 12/13/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.44 million Ares linked to index fund, index basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – Credit Suisse AG, London Branch priced $2.44 million of 0% Accelerated Return Equity Securities due Dec. 14, 2023 linked to an index and fund basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the iShares MSCI Emerging Markets ETF with a 25% weight and the Russell 2000 index with a 25% weight.
The payout at maturity will be par plus 157% of any basket increase. Investors will be fully exposed to any decline in the share price.
Credit Suisse International is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated Return Equity Securities
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Underlying basket: | S&P 500 index (50% weight), iShares MSCI Emerging Markets ETF (25% weight), Russell 2000 index (25% weight)
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Amount: | $2,435,000
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Maturity: | Dec. 14, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 157% of any basket increase; full exposure to any decline
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Initial levels: | 2,637.72 for S&P 500, $39.46 for iShares MSCI Emerging Markets, 1,443.095 for Russell 2000
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Pricing date: | Dec. 10
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Settlement date: | Dec. 13
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Agent: | Credit Suisse International
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Fees: | None
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Cusip: | 22551LL40
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