Published on 9/24/2013 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.86 million accelerated barrier notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 24 - Credit Suisse AG, London Branch priced $2.86 million of 0% accelerated barrier notes due March 27, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 137% of any gain in the index.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% trigger level.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated barrier notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,861,000
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Maturity: | March 27, 2019
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 137% of any index gain; par if index falls by less than 20%; full exposure to any losses if index falls below trigger level
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Initial level: | 2,927.19
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Knock-in level: | 1,463.595, 80% of initial share price
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Pricing date: | Sept. 20
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Settlement date: | Sept. 27
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Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 3%
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Cusip: | 22547QAE6
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