Published on 5/10/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $612,000 digital plus barrier notes on Stoxx 50
By Tali Rackner
Minneapolis, May 10 – Credit Suisse AG, London Branch priced $612,000 of 0% digital plus barrier notes due April 29, 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 initial level, the payout at maturity will be par plus 94.5%.
If the index falls but finishes at or above the 60% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% index decline below the initial level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Digital plus barrier notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $612,000
|
Maturity: | April 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 94.5%; if index falls by up to knock-in level, par; otherwise, 1% loss for each 1% decline
|
Initial level: | 3,494.20
|
Knock-in level: | 2,096.52, 60% of initial level
|
Pricing date: | April 20
|
Settlement date: | April 27
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 3.75%
|
Cusip: | 22550WNG8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.