Published on 7/6/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $10.28 million digital barrier notes on index, fund
By Sarah Lizee
Olympia, Wash., July 6 – Credit Suisse AG, London Branch priced $10.28 million of 0% digital barrier notes due Aug. 1, 2019 linked to the lesser performing of the Russell 2000 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying finishes at or above its 65% knock-in level, the payout at maturity will be par plus the fixed return of 9.25%.
Otherwise, investors will be fully exposed to any losses of the worse performing asset.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital barrier notes
|
| Underlying Assets: | Russell 2000 index and VanEck Vectors Gold Miners ETF
|
| Amount: | $10,282,000
|
| Maturity: | Aug. 1, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying finishes at or above its knock-in level, par plus 9.25%; otherwise, full exposure to any losses of the worse performing asset
|
| Initial levels: | 1,643.069 for index, $22.31 for ETF
|
| Knock-in levels: | 1,067.99 for index, $14.50 for ETF; 65% of initial levels
|
| Pricing date: | June 29
|
| Settlement date: | July 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22550WZP5
|
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