Published on 2/20/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $950,000 ARES linked to VanEck Vectors Oil ETF
By Marisa Wong
Morgantown, W.Va., Feb. 20 – Credit Suisse AG, London Branch priced $950,000 of 0% Accelerated Return Equity Securities due March 21, 2019 linked to the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, with the return capped at 23.5%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated Return Equity Securities
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| Underlying ETF: | VanEck Vectors Oil Services ETF
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| Amount: | $950,000
|
| Maturity: | March 21, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, up to an underlying return cap of 23.5%; investors will be exposed to any losses
|
| Initial price: | $24.34
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 22
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 1.25%
|
| Cusip: | 22550WEH6
|
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