Published on 10/2/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.54 million digital buffered notes on Russell
By Marisa Wong
Morgantown, W.Va., Oct. 2 – Credit Suisse AG, London Branch priced $1.54 million of 0% digital buffered notes due March 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus a fixed return of 18%.
If the index finishes below the initial level but at or above the 85% buffer level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital buffered notes
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Underlying index: | Russell 2000
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Amount: | $1,535,000
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Maturity: | March 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 18%; if index falls by up to 15%, par; otherwise, 1% loss per 1% drop beyond 15%
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Initial level: | 1,122.789
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 2.5%
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Cusip: | 22546VKS4
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