Published on 12/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $28.58 million market-linked step-up notes on Stoxx Global Select Dividend 100
By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Credit Suisse AG, London Branch priced $28.58 million of 0% market-linked step-up notes due Nov. 25, 2021 tied to the Stoxx Global Select Dividend 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the notes are not called and the index finishes above the step-up value, 135.75% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 35.75%.
Investors will be fully exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Market-linked step-up notes
|
Underlying index: | Stoxx Global Select Dividend 100
|
Amount: | $28,578,330
|
Maturity: | Nov. 25, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 35.75%; full exposure to losses
|
Initial index level: | 2,915.34
|
Step-up value: | 3,957.57, 135.75% of initial value
|
Pricing date: | Nov. 26
|
Settlement date: | Dec. 4
|
Agent: | BofA Securities, Inc.
|
Fees: | 2%
|
Cusip: | 22550J858
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.