Credit Suisse issued an accelerated growth product linked to the S&P 500 index in March 2009 offering five times index growth at maturity subject to a cap on returns of 20%. Therefore the maximum return is achieved if the index rises by only 4% over the product term. The product had a 20% buffer, meaning that investors would not suffer loss to capital on the first 20% decline in the index. The 18-month investment matured on 20 September 2010.
The closing level of the index on the valuation date
The week on Risk.net, July 14–20, 2017Receive this by email