Published on 8/19/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.34 million dual directional knock-out notes linked to Euro Stoxx
By Susanna Moon
Chicago, Aug. 19 – Credit Suisse AG, London Branch priced $3.34 million of 0% dual directional knock-out notes due Feb. 23, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the gain, up to maximum return of 16.7%.
If the index falls by up to the 16.7% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Dual directional knock-out notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,343,000
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Maturity: | Feb. 23, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return capped at 16.7%; if index falls by up to 16.7%, par plus absolute value of return; otherwise, full exposure to any losses
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Initial level: | 3,491.03
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Contingent buffer: | 16.7%
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Pricing date: | Aug. 14
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Settlement date: | Aug. 19
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Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 22546VJY3
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