Published on 4/3/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $850,000 accelerated barrier notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., April 3 – Credit Suisse AG, London Branch priced $850,000 of 0% accelerated barrier notes due April 1, 2019 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 level, the payout at maturity will be par plus 200% of the index gain, subject to a maximum return of 32%.
If the final index level is less than the initial index level but greater than the knock-in level, 75% of the initial index level, the payout will be par.
If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline.
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 index
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Amount: | $850,000
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Maturity: | April 1, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus 200% of the index gain, return capped at 32%; if the final index level is less than the initial index level but greater than the knock-in level, par; otherwise, investors will be fully exposed to the index’s decline
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Initial level: | 3,444.15
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Knock-in level: | 2,583.1125, 75% of initial level
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Pricing date: | March 24
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Settlement date: | March 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.7%
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Cusip: | 22548QXP5
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