Published on 7/28/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.36 million digital plus barrier notes linked to S&P 500
By Susanna Moon
Chicago, July 28 – Credit Suisse AG, London Branch priced $1.36 million of 0% digital plus barrier notes due Aug. 2, 2021 linked to the S&P 500 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 the greater of the index gain and a fixed payment of 47.5%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus barrier notes
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Underlying index: | S&P 500
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Amount: | $1.36 million
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Maturity: | Aug. 2, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus return with floor of 47.5%; if index falls by up to 30%, par; otherwise, full exposure to any losses
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Initial level: | 2,079.65
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Barrier level: | 1,455.755, 70% of initial level
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Pricing date: | July 24
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Settlement date: | July 31
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 3.8%
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Cusip: | 22546VG83
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