Published on 7/17/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.1 million digital barrier notes linked to banks index, oil ETF
By Angela McDaniels
Tacoma, Wash., July 17 – Credit Suisse AG, London Branch priced $1.1 million of 0% digital barrier notes due Aug. 16, 2018 linked to the Euro Stoxx Banks index and the SPDR S&P Oil & Gas Exploration and Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 10.25% unless either underlier finishes at or below its knock-in level, 65% of its initial level, in which case investors will be exposed to the decline of the lesser-performing underlier from its initial level.
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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Underliers: | Euro Stoxx Banks index and SPDR S&P Oil & Gas Exploration and Production ETF
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Amount: | $1.1 million
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Maturity: | Aug. 16, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 10.25% unless either underlier finishes at or below knock-in level, in which case exposure to decline of lesser-performing underlier from initial level
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Initial levels: | 137.37 for index and $31.64 for ETF
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Knock-in levels: | 89.2905 for index and $20.566 for ETF; 65% of initial levels
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Pricing date: | July 13
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Settlement date: | July 18
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.7%
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Cusip: | 22550BC84
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