By Angela McDaniels
Tacoma, Wash., Oct. 18 – Credit Suisse AG, London Branch priced $1.3 million of 0% accelerated barrier notes due Oct. 21, 2021 linked to the Hang Seng index and the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing underlying is greater than or equal to its initial level, the payout at maturity will be par plus 300% of the lesser-performing underlying’s return, subject to a maximum return of 30%.
If the final level of the lesser-performing underlying is less than its initial level but greater than or equal to its knock-in level, 70% of its initial level, the payout will be par.
If the final level of the lesser-performing underlying is less than its knock-in level, investors will lose 1% for every 1% that the lesser-performing underlying declines from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Accelerated barrier notes
|
| Underlyings: | Hang Seng index and iShares China Large-Cap ETF
|
| Amount: | $1.3 million
|
| Maturity: | Oct. 21, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of lesser-performing underlying is greater than or equal to initial level, par plus 300% of lesser-performing underlying’s return, subject to maximum return of 30%; if final level of lesser-performing underlying is less than initial level but greater than or equal to knock-in level, par; if final level of lesser-performing underlying is less than knock-in level, 1% loss for every 1% that lesser-performing underlying declines from initial level
|
| Initial levels: | 26,664.28 for index and $41.52 for ETF
|
| Knock-in levels: | 18,664.996 for index and $29.064 for ETF, or 70% of initial levels
|
| Pricing date: | Oct. 16
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| Settlement date: | Oct. 21
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 2.85%
|
| Cusip: | 22551N3S3
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