Published on 10/4/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $534,000 Bares linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Credit Suisse AG, London Branch priced $534,000 of 0% Buffered Accelerated Return Equity Securities due Oct. 5, 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 30%. Investors will receive par if the index falls by up to 17% and lose 1% for every 1% that the index declines beyond 17%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying index: | S&P 500
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Amount: | $534,000
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Maturity: | Oct. 5, 2022
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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 125% of index return, up to 30% maximum return; par if index falls by up to 17%; 1% loss for every 1% index declines beyond 17%
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Initial level: | 2976.74
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Buffer level: | 2,470.6942, or 83% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22552FWBC2
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