Published on 8/2/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $620,000 accelerated barrier notes linked to Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – Credit Suisse AG, London Branch priced $620,000 of accelerated barrier notes due July 30, 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 120% of the gain of the worse performing index.
If either index loses, but each index finishes at or above the 50% 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 and Russell 2000
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Amount: | $620,000
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Maturity: | July 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index finishes at or above initial level, par plus 120% of return of that index; if either index loses, but neither finishes below 50% knock-in level, par; otherwise, full exposure to loss of lesser-performing index
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Initial index levels: | 2,169.18 for S&P and 1,216.859 for Russell
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Knock-in level: | 1,084.59 for S&P and 608.4295 for Russell; 50% of initial levels
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Pricing date: | July 26
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Settlement date: | July 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.95%
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Cusip: | 22548QBJ3
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