Published on 6/11/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.16 million absolute return barrier notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 11 – Credit Suisse AG, London Branch priced $2.16 million of 0% absolute return barrier securities due Dec. 2, 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 the initial level, the payout at maturity will be par plus 1.5 times the return, capped at par plus 20.25%.
If the index falls by up to its 70% knock-in level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Absolute return barrier securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,161,000
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Maturity: | Dec. 2, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 20.25%; if index finishes above knock-in level, par plus absolute return; otherwise, 1% loss per 1% decline
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Initial level: | 3,297.81
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Trigger level: | 2,308.467, 70% of initial level
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Pricing date: | May 29
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Settlement date: | June 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.45%
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Cusip: | 22552FFE7
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