Published on 4/17/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $368,000 accelerated barrier notes on the Dow
By Sarah Lizee
Olympia, Wash., April 17 – Credit Suisse AG, London Branch priced $368,000 of 0% accelerated barrier notes due April 16, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 139% of the index return.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the index 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 index: | Dow Jones industrial average
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Amount: | $368,000
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Maturity: | April 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 139% of the index return; if the index falls by up to 30%, par; otherwise, investors will be fully exposed to the index decline
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Initial level: | 23719.37
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Knock-in level: | 16603.559, 70% of initial level
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Pricing date: | April 9
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Settlement date: | April 17
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22551NXJ0
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