Published on 4/9/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $189,000 absolute return barrier notes on S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., April 9 – Credit Suisse AG, London Branch priced $189,000 of 0% absolute return barrier securities due March 30, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lowest-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 102.5% of the return of the lowest-performing index.
If the final level of the lowest-performing index is less than its initial level but each index finishes at or above its knock-in level, 60% of its initial level, the payout at maturity will be par plus the absolute value of the return of the lowest-performing index.
If either index finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing index.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Absolute return barrier securities
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $189,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of lowest-performing index is greater than or equal initial level, par plus 102.5% of return of lowest-performing index; if final level of lowest-performing index is less than its initial level but each index finishes at or above knock-in level, par plus absolute value of return of lowest-performing index; if either index finishes below its knock-in level, full exposure to decline of lowest-performing index
|
| Initial index levels: | 2,658.55 for S&P and 1,543.717 for Russell
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| Knock-in levels: | 1,595.13 for S&P, 926.2302 for Russell, 60% of initial levels
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| Pricing date: | March 26
|
| Settlement date: | March 29
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 4.6%
|
| Cusip: | 22550WH83
|
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