Published on 3/11/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.1 million buffered accelerated return notes on S&P 500
By Sarah Lizee
Olympia, Wash., March 11 – Credit Suisse AG, London Branch priced $2.1 million of 0% buffered accelerated return equity securities due April 1, 2021 linked to the S&P 500 index, 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, capped at par plus 7.54%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Buffered accelerated return equity securities
|
Underlying index: | S&P 500
|
Amount: | $2.1 million
|
Maturity: | April 1, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of index return capped at par plus 7.54%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10%
|
Initial index level: | 2,954.22
|
Buffer level: | 2,658.789, 90% of initial level
|
Pricing date: | Feb. 28
|
Settlement date: | March 4
|
Underwriters: | Credit Suisse Securities (USA) LLC and Incapital LLC
|
Fees: | 0.8%
|
Cusip: | 22551NLB0
|
|
© 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.