Published on 5/14/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $114,000 leveraged market-linked notes on EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, May 14 – Credit Suisse AG, London Branch priced $114,000 of market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside due Nov. 3, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, up to a 34% maximum return.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% fund loss beyond 10%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Market-linked securities – leveraged upside participation to a cap and fixed-percentage buffered downside
|
Underlying ETF: | Energy Select Sector SPDR fund
|
Amount: | $114,000
|
Maturity: | Nov. 3, 2020
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | Par plus 150% of any ETF gain up to 34% maximum return; par if ETF falls by up to 10%; 1-to-1 exposure to loss beyond 10%
|
Initial price: | $73.81
|
Threshold price: | $66.429, 90% of initial price
|
Pricing date: | April 30
|
Settlement date: | May 3
|
Agent: | Wells Fargo Securities, LLC
|
Fees: | 2.9%
|
Cusip: | 22550WNC7
|
|
© 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.