Published on 12/11/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $250,000 digital barrier notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Dec. 11 – Credit Suisse AG, London Branch priced $250,000 of 0% digital barrier notes due Dec. 10, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its 80% knock-in level, the payout at maturity will be par plus the fixed return of 16.9%. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying index: | Euro Stoxx 50
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Amount: | $250,000
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Maturity: | Dec. 10, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above its 80% knock-in level, par plus 16.9%; otherwise, full exposure to loss
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Initial level: | 3,045.94
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Knock-in level: | 2,436.752; 80% of initial level
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Pricing date: | Dec. 6
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Settlement date: | Dec. 11
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.25%
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Cusip: | 22551LP61
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