Published on 10/8/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $682,000 accelerated barrier notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Oct. 8 – Credit Suisse AG, London Branch priced $682,000 of 0% accelerated barrier notes due Oct. 3, 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 142.5% of any index gain.
If the index finishes above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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: | $682,000
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Maturity: | Oct. 3, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 142.5% of any index gain; if index falls by up to 30%, par; otherwise, full exposure to any losses
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Initial level: | 3,100.67
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Knock-in level: | 70% of initial level
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.651%
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Cusip: | 22546VL87
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