Published on 7/31/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $786,000 accelerated barrier notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 31 – Credit Suisse AG, London Branch priced $786,000 of 0% accelerated barrier notes due Aug. 1, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 122.5% of the index return.
If the index falls by up to the 75% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
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: | $786,000
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Maturity: | Aug. 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 122.5% of any index gain; if index falls by up to 25%, par; otherwise, full exposure to any losses
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Initial level: | 3,554.11
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Knock-in level: | 2,665.5825, 75% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4.1%
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Cusip: | 22546VGC4
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