Published on 5/31/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $232,000 accelerated barrier notes on Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, May 31 – Credit Suisse AG, London Branch priced $232,000 of 0% accelerated barrier notes due May 30, 2023 linked to the Dow Jones industrial average 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 155% of the return of the worse performing index.
If either index falls but both indexes finish at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline 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 securities
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Underlying indexes: | Dow Jones industrial average and Russell 2000
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Amount: | $232,000
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Maturity: | May 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 155% of the return of the worse performing index; if either index falls but both indexes finish at or above the knock-in level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
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Initial index levels: | 24,811.76 for Dow and 1,628.222 for Russell
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Knock-in levels: | 17,368.232 for Dow and 1,139.7554 for Russell, 70% of initial levels
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Pricing date: | May 24
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Settlement date: | May 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 4.6%
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Cusip: | 22550WQY6
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