Published on 11/4/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $723,000 CS notes linked to US Balanced 5% ER
By Wendy Van Sickle
Columbus, Ohio, Nov. 4 – Credit Suisse AG, London Branch priced $723,000 of 0% CS notes due Aug. 2, 2023 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | CS notes
|
| Underlying index: | Credit Suisse US Balanced 5% ER index
|
| Amount: | $723,000
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| Maturity: | Aug. 2, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return, subject to minimum payout of par
|
| Initial level: | 227.0333
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 22552FZM7
|
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