Published on 9/9/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $570,000 accelerated barrier notes on SPDR S&P Biotech
By Susanna Moon
Chicago, Sept. 9 – Credit Suisse AG, London Branch priced $570,000 of 0% accelerated barrier notes due Sept. 4, 2020 linked to the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus 115% of the return.
If the fund falls by up to the 53.5% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 fund: | SPDR S&P Biotech ETF
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Amount: | $570,000
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Maturity: | Sept. 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the fund gains, par plus 115% of return; if the fund falls by up to knock-in level, par; otherwise, full exposure to losses
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Initial level: | $215.51
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Knock-in level: | 53.5% of initial level
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Pricing date: | Sept. 1
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Settlement date: | Sept. 4
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22546VKD7
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