Published on 4/13/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $5 million knock-out notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., April 13 – Credit Suisse AG, London Branch priced $5 million of 0% knock-out notes due April 11, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 8.2%.
If the index falls by more than the 15% knock-out buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Knock-out notes
|
Underlying index: | S&P 500
|
Amount: | $5 million
|
Maturity: | April 11, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 8.2% unless index falls by more than 15%, in which case 1% loss for each 1% index decline
|
Initial index level: | 2,658.55
|
Pricing date: | March 27
|
Settlement date: | April 2
|
Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
Fees: | 1%
|
Cusip: | 22550WME4
|
|
© 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.