By Susanna Moon
Chicago, Aug. 27 – Credit Suisse AG, London Branch priced $1.1 million of 0% accelerated barrier notes due Aug. 27, 2019 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.
A knock-in event occurs if either component finishes at or below its knock-in level, 60% of its initial level.
If each underlying component finishes at or above its initial level, the payout at maturity will be par plus 247.5% of the return of the worse performing component.
If either component falls but a knock-in event does not occur, the payout will be par.
If either component falls and a knock-in event occurs, investors will be fully exposed to any losses of the worst performing component.
Credit Suisse Securities (USA) LLC is the underwriter.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Accelerated barrier notes
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| Underlying components: | Euro Stoxx 50 component and the iShares MSCI EAFE ETF
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| Amount: | $1.1 million
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| Maturity: | Aug. 27, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worse performing component gains, par plus 247.5% of the return; if worse performing component falls but each component finishes at or above knock-in level, par; otherwise, full exposure to any losses of worst performing component
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| Initial levels: | 3,098.50 for Euro Stoxx and $66.47 for MSCI EAFE fund
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| Knock-in levels: | 1,859.10 for Euro Stoxx and $39.882 for MSCI EAFE fund; 60% of initial levels
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| Pricing date: | Aug. 22
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| Settlement date: | Aug. 27
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| Underwriter: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.8%
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| Cusip: | 22547QRX6
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