Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $236,000 CS notes linked to US Balanced 5% ER
By Angela McDaniels
Tacoma, Wash., July 8 – Credit Suisse AG, London Branch priced $236,000 of 0% CS notes due June 30, 2022 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
If the index finishes above its initial level, the payout at maturity will be par plus 110% of the index return. If the index finishes flat or falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS notes
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Underlying index: | Credit Suisse US Balanced 5% ER
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Amount: | $236,000
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Maturity: | June 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any index gain; if index remains flat or declines, par
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Initial level: | 226.1615
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3%
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Cusip: | 22552FHK1
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