Published on 5/10/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.89 million digital barrier notes linked to Russell, Stoxx
New York, May 10 – Credit Suisse AG, London Branch priced $2.89 million of 0% digital barrier notes due June 8, 2018 linked to the lower performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a fixed percentage of 6.85% if neither index closes at or below 65% of its initial value during the life of the notes.
If either index closes below the 65% knock-in level during the life of the notes, investors will participate in any decline of the lowest performing index from its initial level and will not receive more than par.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying indexes: | Euro Stoxx 50, Russell 2000
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Amount: | $2,885,000
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Maturity: | June 8, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 6.85% unless either index closes at or below its knock-in level during the life of the notes, in which case investors will receive no more than par and will share fully in the decline of the worse performing index
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Initial levels: | 3,658.79 for Euro Stoxx 50, 1,396.995 for Russell 2000
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Knock-in levels: | 2,378.2135 for Euro Stoxx 50, 908.0465 for Russell 2000; 65% of initial levels
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Pricing date: | May 5
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Settlement date: | May 10
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.43%
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Cusip: | 22550B2G7
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