Published on 4/16/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.5 million accelerated barrier notes on indexes
By Sarah Lizee
Olympia, Wash., April 16 – Credit Suisse AG, London Branch priced $1.5 million of 0% accelerated barrier notes due April 10, 2025 linked to the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, 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 184% of the return of the worst performing index.
If any index falls but each index finishes at or above the 70% 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
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Issue: | Accelerated barrier notes
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Underlying indexes: | Nasdaq-100, S&P 500 and Dow Jones industrial average
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Amount: | $1,497,000
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Maturity: | April 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 184% of the return of the worst performing index; if any index falls but all indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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Initial index levels: | 2663.68 for S&P, 22679.99 for Dow, 8081.663 for Nasdaq
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Knock-in levels: | 1864.576 for S&P, 15875.993 for Dow, 5657.1641 for Nasdaq, 70% of initial levels
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Pricing date: | April 6
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Settlement date: | April 9
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4.125%
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Cusip: | 22551NXN1
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