Published on 11/2/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $7.05 million trigger jump notes tied to Stoxx 50
By Sarah Lizee
Olympia, Wash., Nov. 2 – Credit Suisse AG, London Branch priced $7.05 million of 0% trigger jump securities due Nov. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the upside return of 51.5%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses if the index finishes below its 80% trigger level.
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: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $7,051,980
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Maturity: | Nov. 3, 2021
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus greater of 51.5% and index return; par if index falls by up to 20%; otherwise, 1% loss for each 1% decline
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Initial level: | 3,147.13
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Trigger level: | 2,517.70, 80% of initial level
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Pricing date: | Oct. 30
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Settlement date: | Nov. 5
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Underwriter: | Credit Suisse Securities (USA) LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 3%
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Cusip: | 22549R433
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