Published on 6/5/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $34.28 million accelerated return notes on Stoxx
By Sarah Lizee
Olympia, Wash., June 5 – Credit Suisse AG, London Branch priced $34.28 million of 0% accelerated return equity securities due July 31, 2020 linked to the Euro Stoxx 50 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 300% of the index return, capped at par plus 24.15%.
Investors will lose 1% for every 1% decline.
BofA Merrill Lynch is the agent
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated return equity securities
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Underlying index: | Euro Stoxx 50
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Amount: | $34,278,990
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Maturity: | July 31, 2020
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, capped at par plus 24.15%; 1% loss for every 1% index decline
|
Initial index level: | 3,318.15
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Pricing date: | May 30
|
Settlement date: | June 6
|
Underwriter: | BofA Merrill Lynch
|
Fees: | 2%
|
Cusip: | 22548Y223
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