Published on 8/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $2.42 million digital barrier notes on index, ETF
By Sarah Lizee
Olympia, Wash., Aug. 29 – Credit Suisse AG, London Branch priced $2.42 million of 0% digital barrier notes due March 2, 2020 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying finishes at or above its 75% knock-in level, the payout at maturity will be par plus the fixed return of 13.25%.
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
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Issue: | Digital barrier notes
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Underlyings: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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Amount: | $2.42 million
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Maturity: | March 2, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlying finishes at or above its knock-in level, par plus 13.25%; otherwise, full exposure to any losses of the worse performing asset
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Initial levels: | 3,427.44 for index, $43.37 for ETF
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Knock-in levels: | 2,570.58 for index, $32.5275 for ETF; 75% of initial levels
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Pricing date: | Aug. 24
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Settlement date: | Aug. 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | None
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Cusip: | 22551L3E8
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