Published on 6/8/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $809,000 two-year Bares tied to S&P 500
By Marisa Wong
Morgantown, W.Va., June 8 – Credit Suisse AG, London Branch priced $809,000 of 0% buffered accelerated return equity securities due May 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to an underlying cap of 12.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered accelerated return equity securities
|
Underlying index: | S&P 500 index
|
Amount: | $809,000
|
Maturity: | May 31, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus double any index gain, up to an underlying cap of 12.25%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
Initial index level: | 2,415.07
|
Buffer level: | 2,173.563, 90% of initial level
|
Pricing date: | May 25
|
Settlement date: | May 31
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 2.55%
|
Cusip: | 22550B2N2
|
|
© 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.