Published on 8/5/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $936,000 Bares linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 5 – Credit Suisse AG, London Branch priced $936,000 of 0% Buffered Accelerated Return Equity Securities due Feb. 1, 2018 linked to the S&P 500, 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 200% of the index return, subject to a maximum return of 13%. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
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: | $936,000
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Maturity: | Feb. 1, 2018
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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 200% of index return, up to 13% maximum return; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
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Initial index level: | 2,173.60
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8% Cusip: | 22548QBQ7
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