Published on 7/31/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $267,000 accelerated barrier notes tied to indexes
By Susanna Moon
Chicago, July 31 – Credit Suisse AG, London Branch priced $267,000 of 0% accelerated barrier notes due July 31, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 154% of the return of the worse performing index.
If either index falls by up to the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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 indexes: | S&P 500 index and the Russell 2000 index
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Amount: | $267,000
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Maturity: | July 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 154% of return of worse performing index; if either index falls by up to 30%, par; otherwise, full exposure to any losses of worse performing index
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Initial levels: | 2,093.25 for S&P, 1,224.599 for Russell
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Knock-in levels: | 1,465.275 for S&P, 857.2193 for Russell; 70% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4.1%
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Cusip: | 22546VGD2
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