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Published on 6/6/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $150,000 CS notes linked to the Dow

By Sarah Lizee

Olympia, Wash., June 6 – Credit Suisse AG, London Branch priced $150,000 of 0% CS notes due June 5, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, capped at par plus 41%.

Investors will lose 1% for each 1% decline, subject to a minimum payout of 95% of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:CS notes
Underlying index:Dow Jones industrial average
Amount:$150,000
Maturity:June 5, 2024
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 150% of any index gain, capped at par plus 41%; investors will lose 1% for each 1% decline, subject to a minimum payout of 95% of par
Initial level:24,815.04
Pricing date:May 31
Settlement date:June 5
Agent:Credit Suisse Securities (USA) LLC
Fees:1.125%
Cusip:22552FDW9

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