Published on 9/3/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $680,000 accelerated barrier notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 3 – Credit Suisse AG, London Branch priced $680,000 of 0% accelerated barrier notes due Aug. 29, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if the index finishes at or below its knock-in level, 75% of the initial level.
If the index finishes at or above the initial level, the payout at maturity will be par plus 125% of the return.
If the index falls and a knock-in event has not occurred, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Accelerated barrier notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $680,000
|
Maturity: | Aug. 29, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 125% of return; if index falls by up to knock-in level, par; otherwise, full exposure to losses
|
Initial index level: | 3,170.73
|
Knock-in level: | 2,378.0475, 75% of initial level
|
Pricing date: | Aug. 26
|
Settlement date: | Aug. 31
|
Underwriter: | Credit Suisse Securities (USA) LLC
|
Fees: | 4.1%
|
Cusip: | 22546VHT6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.