Published on 11/4/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $506,000 accelerated barrier notes on Euro Stoxx
By Marisa Wong
Madison, Wis., Nov. 4 - Credit Suisse AG, London Branch priced $506,000 of 0% accelerated barrier notes due Nov. 6, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 160% of the index return. Investors will receive par if the index falls by less than 30% and will be fully exposed to losses from the initial level if the index falls by 30% or more.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying index: | Euro Stoxx 50
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Amount: | $506,000
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Maturity: | Nov. 6, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is flat or positive, par plus 160% of index return; par if index falls by less than 30%; full exposure to decline if index falls by 30% or more
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Initial index level: | 3,067.95
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Knock-in level: | 2,147.565, 70% of initial level
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Underwriters: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22547QBQ8
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