Published on 4/23/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.79 million accelerated barrier notes on the Dow
By Wendy Van Sickle
Columbus, Ohio, April 23 – Credit Suisse AG, London Branch priced $1.79 million of 0% accelerated barrier notes due April 24, 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 153% 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: | $1,794,000
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Maturity: | April 24, 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 153% 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: | 24,242.49
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Knock-in level: | 16,969.743, 70% of initial level
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Pricing date: | April 17
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Settlement date: | April 24
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22551NYB6
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