Published on 4/3/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $4.91 million accelerated barrier notes on indexes
By Sarah Lizee
Olympia, Wash., April 3 – Credit Suisse AG, London Branch priced $4.91 million of 0% accelerated barrier notes due March 30, 2023 linked to the Nasdaq-100 index, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 182.5% of the return of the worst performing index.
If any index falls but both indexes finish at or above the 50% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated barrier securities
|
Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and S&P 500 index
|
Amount: | $4,905,000
|
Maturity: | March 30, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 182.5% of the return of the worst performing index; if any index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
|
Initial levels: | 2,447.33 for S&P, 20,704.91 for Dow, 7,553.825 for Nasdaq
|
Knock-in levels: | 1,223.665 for S&P, 10,352.455 for Dow, 3,776.9125 for Nasdaq; 50% of initial levels
|
Pricing date: | March 25
|
Settlement date: | March 30
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 0.75%
|
Cusip: | 22551NVY9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.