Published on 4/26/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.9 million accelerated barrier notes on five Asian indexes
By Marisa Wong
Morgantown, W.Va., April 26 – Credit Suisse AG, London Branch priced $1.9 million of 0% accelerated barrier notes due April 15, 2022 linked to a basket of five indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Hang Seng index with a 20% weight, the Korea Stock Price Index 200 with a 20% weight, the Hang Seng China Enterprises index with a 35% weight, the MSCI Singapore Free index with a 10% weight and the MSCI Taiwan index with a 15% weight.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 200% of the basket gain, capped at 85%.
If the final basket level is less than the initial level but greater than or equal to the 65% knock-in level, the payout will be par.
If the final basket level is less than the knock-in level, investors will be fully exposed to the basket’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 basket: | Hang Seng index with a 20% weight, Korea Stock Price Index 200 with a 20% weight, Hang Seng China Enterprises index with a 35% weight, MSCI Singapore Free index with a 10% weight and MSCI Taiwan index with a 15% weight
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| Amount: | $1.9 million
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| Maturity: | April 15, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final basket level is greater than or equal to the initial level, par plus 200% of the basket gain, capped at 85%; if the final basket level is less than the initial level but greater than or equal to the 65% knock-in level, par; if the final basket level is less than the knock-in level, investors will be fully exposed to the basket’s decline
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| Initial index levels: | 3,0831.28 for Hang Seng, 313.22 for Kospi, 12,288.86 for China Enterprises, 394.55 for Singapore, 407.85 for Taiwan
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 2%
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| Cusip: | 22550WNZ6
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