Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $495,000 accelerated barrier notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., May 29 – Credit Suisse AG, London Branch priced $495,000 of 0% accelerated barrier notes due May 25, 2021 linked to the S&P 500 index, 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 125% of the index return, subject to an underlying return cap of 43%.
If the index falls by up to 20%, 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: | S&P 500
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Amount: | $495,000
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Maturity: | May 25, 2021
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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 125% of the index return, subject to an underlying return cap of 43%; if the index falls by up to 20%, par; otherwise, investors will be fully exposed to the index decline
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Initial level: | 2,712.97
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Knock-in level: | 2,170.376, 80% of initial level
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Pricing date: | May 18
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Settlement date: | May 25
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22550WSD0
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