Published on 6/28/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $240,000 digital barrier notes tied to Stoxx 50
By Susanna Moon
Chicago, June 28 – Credit Suisse AG, London Branch priced $240,000 of 0% digital barrier notes due July 1, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 60% knock-in level, the payout at maturity will be par plus the fixed return of 45%.
Otherwise, investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $240,000
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Maturity: | July 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 40%, par plus 45%; otherwise, 1% loss for each 1% decline
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Initial level: | 3,441.60
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Knock-in level: | 2,064.96, 60% of initial level
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Pricing date: | June 22
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Settlement date: | June 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22550WW52
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