Published on 5/13/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $635,000 accelerated barrier notes linked to oil, energy funds
By Susanna Moon
Chicago, May 13 – Credit Suisse AG, London Branch priced $635,000 of 0% accelerated barrier notes due Nov. 13, 2017 linked to the United States Oil Fund, LP and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each fund finishes at or above its initial level, the payout at maturity will be par plus 147% of the return of the worst performing fund.
If each fund falls by up to the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing fund.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying funds: | United States Oil Fund, LP and the Energy Select Sector SPDR Fund
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Amount: | $635,000
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Maturity: | Nov. 13, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each fund gains, par plus 147% of return of worst performing fund; if each fund falls by up to knock-in level, par; otherwise, full exposure to any losses of worst performing fund
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Initial levels: | $20.42 for oil fund, $81.76 for energy fund
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Knock-in levels: | $12.252 for oil fund, $49.056 for energy fund; 70% of initial levels
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Pricing date: | May 8
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Settlement date: | May 13
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.55%
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Cusip: | 22546VD86
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