Published on 2/8/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $3.67 million capped notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Feb. 8 – Credit Suisse AG, London Branch priced $3.67 million of capped notes due Feb. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 24%. If the index finishes flat or falls, the payout will be par.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Capped notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,665,000
|
| Maturity: | Feb. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 24%; if the index finishes flat or falls, par
|
| Initial level: | 3,171.12
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 6
|
| Placement agents | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
|
| Cusip: | 22551LW22
|
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