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CS Multi Memory Express Anleihe Lifestyle 19-24


ISIN:
DE000CS8EBH3
WKN:
CS8EBH

2019/12/23 08:11:35
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingINDITEX
ADIDAS
Strike Date2019/12/23
Maturity2024/12/30
Coupon/express payment8.250%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

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Final TermsPDF Download

Productnews

2023/03/21

Crucial event: important notice on the current situation of Credit Suisse
2021/10/29

Corporate Action Inditex S.A.
2019/12/27

Fixing CS Multi Memory Express Anleihe Lifestyle 19-24 (DE000CS8EBH3)

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Our analysts say...


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
INDITEX
ES0148396007		EUR52.3031.165640.41%20.257661.27%
ADIDAS
DE000A1EWWW0		EUR220.30291.1000-32.14%189.215014.11%
Advantages Risks you should be aware of
  • Chance to earn 8.25 % for each year
  • Possible early redemption at 100.00 % of nominal amount
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 41.25 % at the end of the 5th year, if the closing price of the underlying with the worst performance is at or above the final-redemption-barrier on the final valuation date.
  • Risk buffer (final-redemption-barrier of 65.00 %) compared to a direct investment in the underlyings. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the final valuation date.
  • Credit Suisse Securities, Sociedad De Valores, S.A., Madrid will set quotes during the term without being legally obliged to do so.
  • If the closing price of the underlying with the worst performance is below the final-redemption-barrier on the final valuation date, there are losses for the investors. A total loss of invested capital is possible.
  • The risk of capital loss depends on the underlying with the worst performance, even if the basket in total or some underlyings in the basket have a positive performance. There is no risk diversification despite several underlyings in the basket.
  • During the term the bond price will not vary 1:1 with the underlyings and premature sale may lead to capital loss.
  • The earnings are capped at 41.25 %, even if the underlyings perform better.
  • Investors bear the risk of the issuer Credit Suisse AG.
  • This memory express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Credit Suisse AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2019/12/23 08:11:35
Bid Ask
- -
Difference 0.00% (0.00)

General attributes

IssuerCredit Suisse AG
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingINDITEX
ADIDAS
Issue date2019/12/30
Strike Date2019/12/23
Maturity2024/12/30
Coupon/express payment8.250%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantono
First trading day2019/12/30
Last trading day2024/12/23

Express bonds | Description

This memory express bond issued by Credit Suisse AG refers to the shares of Inditex SA and Adidas AG (underlyings). It offers an interest payment which depends on the performance of the underlyings. The bond has a maturity of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlyings on the final valuation date.

Interest payments: Interest of 8.25 % on the nominal amount is paid on the annual interest payment date, if the closing price of the underlying with the worst performance is at or above the coupon barrier (65.00 % of the strike price) on the valuation date. Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).


Redemption: The bond will be redeemed on 30/12/2024 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying with the worst performance is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (23/12/2020, 23/12/2021, 23/12/2022, 27/12/2023). In this case the early redemption amount and the interest amount due at this time are paid.

If there is no early redemption the bond will be redeemed at maturity as follows:

1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the final valuation date (23/12/2024), the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the final valuation date, a predetermined number of shares (defined by the ratio) of the underlying with the worst performance is delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity.

Information on the product during the term can be found on the issuer's website:
https://derivative.credit-suisse.com/at/at/en/detail/cs-multi-memory-express-anleihe-lifestyle-19-24/DE000CS8EBH3/CS8EBH

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2019/12/23 08:11:35
Bid Ask
- -
Difference 0.00% (0.00)

Date: 2024/10/31 17:35:29
Underlying Quote
52.30 EUR
Difference -1.46% (-0.78)

General attributes underlying

NameINDITEX
ISINES0148396007
Stock exchange (underlying)MCE
Currency (underlying)EUR
Price52.30
Time24/10/31 - 17:35:29
Start value underlying31.1656
Strike price31.1656
Coupon barrier20.2576
Current redemption barrier31.1656
Current redemption barrier distance21.13
Current redemption barrier distance in %40.41%
Final redemption barrier20.2576
Final redemption barrier distance32.04
Final redemption barrier distance in %61.27%
No of shares for redemption32
Today high52.84
Today low51.94
High price (52 weeks)55.28
Low price (52 weeks)32.56
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Information about previous performance does not guarantee future performance.
Source: FactSet

Know-How

In our know-how area you can find all relevant details on the different types of certificates. The tutorial gives you selected information about the functionality of structured products and assists you in making your investment decision.

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