Published on 4/1/2014 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.07 million accelerated barrier notes tied to index, ETF
By Marisa Wong
Madison, Wis., April 1 - Credit Suisse AG, London Branch priced $1.07 million of 0% accelerated barrier notes due April 4, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lower performing underlying component is greater than or equal to its initial level, the payout at maturity will be par plus 228% of the component return.
If the final level of the lower performing component is less than the initial level but greater than the knock-in level, 70% of the initial level, the payout will be par. Investors will be fully exposed to losses from the initial level if the lower performing underlying component falls to or below the knock-in level.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlyings: | Euro Stoxx 50 index and the iShares MSCI EAFE ETF
|
| Amount: | $1,074,000
|
| Maturity: | April 4, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus underlying return of lower performing component
|
| Underlying return: | If underlying's final level is greater than or equal to initial level, 228% of return; if underlying's final level is less than initial level but greater than knock-in level, zero; if final level is less than or equal to knock-in level, component return
|
| Initial index levels: | 3,172.43 for index and $66.86 for ETF
|
| Knock-in levels: | 2,220.701 for index, $46.802 for ETF; 70% of initial levels
|
| Pricing date: | March 28
|
| Settlement date: | April 2
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.55%
|
| Cusip: | 22547QKE5
|
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