E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/31/2016 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $1.6 million digital buffered notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, March 31 – Credit Suisse AG, London Branch priced $1.6 million of 0% digital buffered notes due Oct. 3, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level or falls by up to 10%, the payout at maturity will be par plus the fixed payment percentage of 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:Russell 2000
Amount:$1,595,000
Maturity:Oct. 3, 2017
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to 90% of initial index level, par plus 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial index level:1,080.231
Pricing date:March 28
Settlement date:March 31
Agent:Credit Suisse Securities (USA) LLC
Fees:1.75%
Cusip:22546VY59

© 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.