Published on 4/20/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $6.61 million 15-month PLUS on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 20 – Credit Suisse AG, London Branch priced $6.61 million of 0% Performance Leveraged Upside Securities due July 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payment of $14.75 per PLUS.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $6,610,430
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Maturity: | July 3, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, up to a maximum payment of $14.75 per PLUS; full exposure to losses
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Initial level: | 3,361.50
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Pricing date: | March 29
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Settlement date: | April 5
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Agent: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 22549E812
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