Published on 4/5/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.59 million knock-out notes linked Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 5 – Credit Suisse AG, London Branch priced $1.59 million of 0% knock-out notes due April 18, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial level by more than the knock-out buffer amount, 15%.
If a knock-out event has not occurred, the payout at maturity will be par plus 10.65% Otherwise, If a knock-out event has occurred, investors will be fully exposed to the index’s decline.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Knock-out notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,592,000
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Maturity: | April 18, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level is greater than or equal to initial level or has declined from initial level by no more than 15%, par plus 10.65%; otherwise, full exposure to index’s decline
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Initial level: | 2,953.28
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Final index level: | Average of index’s closing levels on the five trading days ending April 13, 2017
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Pricing date: | April 1
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Settlement date: | April 6
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Agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1%
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Cusip: | 22548Q2G9
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