Published on 7/27/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1 million digital barrier notes on Boeing, Netflix, Nvidia
By Wendy Van Sickle
Columbus, Ohio, July 27 – Credit Suisse AG, London Branch priced $1 million of 0% digital barrier notes due July 29, 2019 linked to the least performing of the common stocks of Boeing Co., Netflix, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying stock finishes at or above its 65% knock-in level, the payout at maturity will be par plus the digital return of 17.25%.
Otherwise, investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Boeing Co., Netflix, Inc. and Nvidia Corp.
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Amount: | $1 million
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Maturity: | July 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock gains or falls by up to 35%, par plus 17.25%; otherwise, 1% loss per 1% decline of worst performing stock
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Initial levels: | $354.90 for Boeing, $361.05 for Netflix and $250.89 for Nvidia
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Knock-in levels: | $230.685 for Boeing, $234.6825 for Netflix and $163.0785 for Nvidia; 65% of initial levels
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Pricing date: | July 20
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Settlement date: | July 27
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 22550BVJ9
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