Published on 10/18/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1 million capped airbag gears linked to MSCI EAFE
By Marisa Wong
Morgantown, W.Va., Oct. 18 – Credit Suisse AG, London Branch priced $1 million of 0% capped airbag gears due April 18, 2019 linked to the MSCI EAFE 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 1.5 times the index return, subject to a maximum gain of 17.05%. Investors will receive par if the index falls by up to 10% and will lose 1.11% for each 1% that the index may decline beyond 10%.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Capped airbag gears
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Underlying index: | MSCI EAFE
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Amount: | $1 million
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Maturity: | April 18, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times the index return, subject to a maximum gain of 17.05%; par if the index falls by up to 10%; 1.11% loss for each 1% that the index may decline beyond 10%
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Initial level: | 2,004.05
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Downside threshold: | 1,803.645, 90% of initial level
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Pricing date: | Oct. 13
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Settlement date: | Oct. 18
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 22549D434
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