By Marisa Wong
Madison, Wis., July 1 – Credit Suisse AG, London Branch priced $1.5 million of 0% accelerated barrier notes due June 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 125% of the index return.
If the index finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if the index finishes at or below the knock-in level, 70% of the initial level.
If the index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the index’s decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.5 million
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| Maturity: | June 28, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus 125% of index return; if index finishes below initial level and knock-in event does not occur, par; if index finishes below initial level and knock-in event occurs, full exposure to decline of index
|
| Knock-in event: | Index finishes at or below knock-in level
|
| Initial index level: | 3,621.37
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| Knock-in level: | 2,534.959, 70% of initial level
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| Pricing date: | June 26
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| Settlement date: | June 30
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 3.1%
|
| Cusip: | 22546VFR2
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