Published on 6/3/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $146,000 buffered return equity securities linked to S&P 500
New York, June 3 – Credit Suisse AG, London Branch priced $146,000 of 0% buffered return equity securities due Dec. 5, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the index declines by 11% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 11%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered return equity securities
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Underlying index: | S&P 500
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Amount: | $146,000
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Maturity: | Dec. 5, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return; if index declines by 11% or less, par; otherwise, 1% loss for every 1% that index declines beyond 11%
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Initial index level: | 2,096.96
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Pricing date: | May 31
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Settlement date: | June 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22548Q4X0
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