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
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Issue: | Digital buffered notes
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Underlying index: | Russell 2000
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Amount: | $1,595,000
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Maturity: | Oct. 3, 2017
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Coupon: | 0%
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Price: | Par
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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%
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Initial index level: | 1,080.231
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.75%
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Cusip: | 22546VY59
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