Published on 5/4/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $161,000 Bares linked to S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., May 4 – Credit Suisse AG, London Branch priced $161,000 of 0% Buffered Accelerated Return Equity Securities due May 30, 2018 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain of the lesser performing index, up to an underlying return cap of 10%.
Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% decline of the lesser performing index beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered Accelerated Return Equity Securities
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $161,000
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Maturity: | May 30, 2018
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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 gain of the lesser performing index, up to an underlying return cap of 10%; par if the lesser performing index falls by up to 10%; 1% loss for each 1% decline of the lesser performing index beyond 10%
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Initial levels: | 2,374.15 for the S&P and 1,397.942 for Russell
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Buffer levels: | 2,136.735 for S&P and 1,258.1478 for Russell; 90% of initial levels
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Pricing date: | April 24
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Settlement date: | April 27
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.075%
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Cusip: | 22548QZ24
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