By Marisa Wong
Morgantown, W.Va., July 12 – Credit Suisse AG, London Branch priced $2.36 million of 0% barrier absolute return market-linked notes with daily barrier observation due Dec. 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes above the upper barrier, 117.5% of the initial level, or below the lower barrier, 82.5% of the initial level, on any day during the life of the notes.
If a barrier event occurs, the payout at maturity will be par of $1,000 plus 1.5%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
Investors will receive at least par at maturity.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Barrier absolute return market-linked notes with daily barrier observation
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Underlying index: | S&P 500
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Amount: | $2,362,000
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Maturity: | Dec. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index closes above the upper barrier or below the lower barrier on any day during the life of the notes, par plus 1.5%; if index does not close above the upper barrier or below the lower barrier during the life of the notes, par plus the absolute value of the index return
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Initial level: | 2,723.06
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Upper barrier: | 3,199.60, 117.5% of initial level
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Lower barrier: | 2,246.52, 82.5% of initial level
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Pricing date: | June 26
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Settlement date: | June 29
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Agents: | Credit Suisse Securities (USA) LLC and UBS Financial Services Inc.
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Fees: | None
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Cusip: | 22550WXB8
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