Published on 3/9/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.61 million absolute return barrier notes on Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, March 9 – Credit Suisse AG, London Branch priced $1.61 million of 0% absolute return barrier securities due March 3, 2022 linked to the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lowest-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 140% of the return of the lowest-performing index.
If the final level of the lowest-performing index is less than its initial level and each index finishes at or above its knock-in level, 70% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lowest-performing index.
If either index finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Absolute return barrier securities
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| Underlying indexes: | Dow Jones industrial average and Russell 2000
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| Amount: | $1,608,000
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| Maturity: | March 3, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of lowest-performing index is greater than or equal initial level, par plus 140% of return of lowest-performing index; if final level of lowest-performing index is less than its initial level and each index finishes at or above knock-in level, par plus absolute value of return of lowest-performing index; if either index finishes below its knock-in level, full exposure to decline of lowest-performing index
|
| Initial index levels: | 25,029.2 for Dow and 1,512.446 for Russell
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| Knock-in levels: | 17,520.44 for Dow and 1,058.7122 for Russell, 70% of initial levels
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 22550WCH8
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