By Angela McDaniels
Tacoma, Wash., July 2 – Credit Suisse AG, London Branch priced $1.45 million of 0% accelerated barrier notes due July 5, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least-performing underlying component is greater than or equal to its initial level, the payout at maturity will be par plus 220% of the return of that underlying component.
If the least-performing underlying component finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either underlying component finishes at or below its knock-in level, 70% of its initial level.
If a knock-in event occurs, investors will be fully exposed to the decline of the least-performing underlying component.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlying components: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $1,446,000
|
| Maturity: | July 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If least-performing underlying component finishes at or above initial level, par plus 220% of return of that underlying component; if least-performing underlying component finishes below initial level and knock-in event does not occur, par; if knock-in event occurs, full exposure to decline of least-performing underlying component
|
| Knock-in event: | Either underlying component finishes at or below its knock-in level
|
| Initial levels: | 3,228.24 for index and $68.37 for ETF
|
| Knock-in levels: | 2,259.768 for index and $47.859 for ETF; 70% of initial levels
|
| Pricing date: | June 30
|
| Settlement date: | July 3
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.55%
|
| Cusip: | 22547QP67
|
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