Published on 8/23/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $580,000 accelerated barrier notes on Euro Stoxx
By Devika Patel
Knoxville, Tenn., Aug. 23 – Credit Suisse AG, London Branch priced $580,000 of 0% accelerated barrier notes due Aug. 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus double the return, capped at 92.5%.
If the index falls by up to the 30% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying index: | Euro Stoxx 50
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Amount: | $580,000
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Maturity: | Aug. 26, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 92.5%; par if index falls by up to 30%; otherwise, 1% loss for each 1% decline
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Initial level: | 2,968.20
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Knock-in level: | 2,077.74, 70% of initial level
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Pricing date: | Aug. 19
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Settlement date: | Aug. 26
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.1%
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Cusip: | 22548QDS1
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