Published on 5/3/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $145,000 CS autocallables on Credit Suisse US Balanced 5%
By Wendy Van Sickle
Columbus, Ohio, May 3 – Credit Suisse AG, London Branch priced $145,000 of 0% CS autocallable notes due April 30, 2026 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus a 7% annual premium if the index closes at or above 102.2% of the initial level on an annual trigger observation date.
If the notes have not been called and the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the index gain. Otherwise, investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | CS autocallable notes
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Underlying index: | Credit Suisse US Balanced 5% ER index
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Amount: | $145,000
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any index gain; if index finishes flat or falls, par
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Call: | Automatically at par plus 7% per year if index closes at or above 102.2% of initial level on an annual trigger observation date
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Initial value: | 221.1991
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4.5%
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Cusip: | 22552F6E7
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