E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/23/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $780,000 CS notes on RavenPack AIS Balanced 5%

By Wendy Van Sickle

Columbus, Ohio, July 23 – Credit Suisse AG, London Branch priced $780,000 of 0% CS notes due July 21, 2022 linked to the Credit Suisse RavenPack AIS Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.

If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain. If the index finishes flat or falls, investors will receive par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:CS notes
Underlying index:Credit Suisse RavenPack AIS Balanced 5% ER index
Amount:$780,000
Maturity:July 21, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain; otherwise, par
Initial level:227.9014
Pricing date:July 18
Settlement date:July 23
Agent:Credit Suisse Securities (USA) LLC
Fees:1.25%
Cusip:22552FP22

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.