Published on 7/29/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $305,000 Bares linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, July 29 – Credit Suisse AG, London Branch priced $305,000 of 0% Buffered Accelerated Return Equity Securities due July 28, 2022 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 125% of the index return, subject to a maximum return of 22%. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% that the index declines beyond 15%.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered Accelerated Return Equity Securities
|
Underlying index: | S&P 500 index
|
Amount: | $305,000
|
Maturity: | July 28, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 125% of index return, up to 22% maximum return; par if index falls by up to 15%; 1% loss for every 1% index declines beyond 15%
|
Initial level: | 3,019.56
|
Buffer level: | 2,566.626, or 85% of initial level
|
Pricing date: | July 24
|
Settlement date: | July 29
|
Agents: | Credit Suisse Securities (USA) LLC and Incapital LLC
|
Fees: | 3%
|
Cusip: | 22552FL67
|
|
© 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.