Published on 12/10/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $682,000 buffered accelerated return notes on Dow
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Credit Suisse AG, London Branch priced $682,000 of 0% buffered accelerated return equity securities due Dec. 1, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, capped at par plus 27%.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered accelerated return equity securities
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Underlying index: | Dow Jones industrial average
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Amount: | $682,000
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Maturity: | Dec. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 125% of index return capped at par plus 27%; par if index declines by 20% or less; 1% loss for every 1% index declines beyond 20%
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Initial index level: | 28,164.0
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Buffer level: | 22,531.2, 80% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Dec. 3
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Underwriters: | Credit Suisse Securities (USA) LLC and Incapital LLC
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Fees: | 0.8%
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Cusip: | 22551N5U6
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