Published on 4/5/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $172,000 CS notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 5 – Credit Suisse AG, London Branch priced $172,000 of 0% CS notes due April 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payout of $1,415.
If the index return is negative, investors will be exposed to the decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | S&P 500
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Amount: | $172,000
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Maturity: | April 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index return, subject to maximum return of 41.5%; if index return is negative, exposure to decline, subject to maximum loss of 5%
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Initial level: | 2,834.4
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Threshold level: | 2,692.68, 95% of initial level
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Pricing date: | March 29
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Settlement date: | April 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.125%
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Cusip: | 22551LZV5
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