Published on 8/18/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.63 million buffered accelerated return equity securities on S&P MidCap 400
By Wendy Van Sickle
Columbus, Ohio, Aug. 18 – Credit Suisse AG, London Branch priced $1.63 million of 0% buffered accelerated return equity securities due Nov. 12, 2021 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of index, capped at 15.25%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
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 MidCap 400
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Amount: | $1,625,000
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Maturity: | Nov. 12, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the index, capped at 15.25%; investors will receive par if index falls by 10% or less and will lose 1% for every 1% that the index declines beyond 10%
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Initial levels: | 1,938.53
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Buffer levels: | 1,744.677; 90% of initial levels
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Pricing date: | Aug. 7
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Settlement date: | Aug. 12
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22552WDK8
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