Published on 2/16/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.50 million return enhanced notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 16 – Credit Suisse AG, London Branch priced $4,495,000 of 0% return enhanced notes due Feb. 22, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum return of 15.1%. Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Return enhanced notes
|
Underlying index: | S&P 500
|
Amount: | $4,495,000
|
Maturity: | Feb. 22, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, with return capped at 15.1%; full exposure to losses
|
Initial level: | 2,695.14
|
Final level: | Average of closing levels on five averaging dates ending Feb. 19, 2019
|
Pricing date: | Feb. 6
|
Settlement date: | Feb. 9
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 22550WDN4
|
|
© 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.