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
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Issue: | CS notes
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Underlying index: | Credit Suisse RavenPack AIS Balanced 5% ER index
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Amount: | $780,000
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Maturity: | July 21, 2022
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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; otherwise, par
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Initial level: | 227.9014
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Pricing date: | July 18
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Settlement date: | July 23
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22552FP22
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