Published on 1/28/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $243,000 CS notes tied to CS Retiree Consumer index
By Wendy Van Sickle
Columbus, Ohio, Jan. 28 – Credit Suisse AG, Nassau Branch priced $243,000 of 0% CS notes due July 30, 2020 linked to the CS Retiree Consumer Expenditure 5% Blended Index Excess Return, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par plus 120% of any index gain.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | CS notes
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Underlying index: | CS Retiree Consumer Expenditure 5% Blended Index Excess Return
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Amount: | $243,000
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Maturity: | July 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of index return, floor of par
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Initial level: | 150.0592
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.75%
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Cusip: | 22546VTT3
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