Published on 9/28/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.72 million digital barrier notes linked to S&P 500 index, biotech ETF
By Wendy Van Sickle
Columbus, Ohio, Sept. 28 – Credit Suisse AG, London Branch priced $1.72 million of 0% digital barrier notes due Oct. 30, 2018 linked to the S&P 500 index and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 9.5% unless either underlier finishes at or below its knock-in level, 70% of its initial level, in which case investors will be exposed to the decline of the lesser-performing underlier from its initial level.
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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Underliers: | S&P 500 index and SPDR S&P Biotech ETF
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Amount: | $1,716,000
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Maturity: | Oct. 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 9.5% unless either underlier finishes at or below knock-in level, in which case exposure to decline of lesser-performing underlier from initial level
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Initial levels: | 2,496.66 for index and $84.25 for ETF
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Knock-in levels: | 1,747.662 for index and $58.975 for ETF; 70% of initial levels
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.7%
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Cusip: | 22550BJ79
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