Published on 9/8/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $840,000 accelerated barrier notes tied to indexes
By Susanna Moon
Chicago, Sept. 8 – Credit Suisse AG, London Branch priced $840,000 of 0% accelerated barrier notes due Sept. 3, 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 the initial level, the payout at maturity will be par plus 185% of the return of the worse performing index.
If each 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 underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Accelerated barrier notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $840,000
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Maturity: | Sept. 3, 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 185% of return of worse performing index; if each index falls by up to knock-in level, par; otherwise, full exposure to losses of the worse performing index
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Initial levels: | 1,972.18 for S&P, 1,159.455 for Russell
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Knock-in levels: | 70% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22546VJ23
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