Published on 9/25/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $740,000 digital barrier notes linked to Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Sept. 25 – Credit Suisse AG, London Branch priced $740,000 of 0% digital barrier notes due Sept. 30, 2024 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 its initial level, the payout at maturity will be the fixed payment of $2,060 per $1,000 of notes.
If the index declines but finishes at or above its 60% knock-in level, the payout at maturity 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: | Digital barrier notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $740,000
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Maturity: | Sept. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its initial level, fixed payment of $2,060 per $1,000 of notes; if index declines but finishes at or above its 60% knock-in level, par; otherwise, full exposure to any losses
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Initial level: | 3,430.81
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Knock-in level: | 2,058.486, 60% of initial level
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Pricing date: | Sept. 21
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Settlement date: | Sept. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0%
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Cusip: | 22551LA83
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