Published on 5/9/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.33 million digital buffered notes on S&P 500
By Marisa Wong
Morgantown, W.Va., May 9 – Credit Suisse AG, London Branch priced $1.33 million 0% digital buffered notes due April 30, 2020 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 or below the initial level by not more than 20%, the payout at maturity will be par plus the fixed payment percentage of 20.5%.
Otherwise, investors will be exposed to any losses beyond the 20% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Digital buffered notes
|
Underlying index: | S&P 500
|
Amount: | $1,332,000
|
Maturity: | April 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 80% of initial index level, par plus 20.5%; 1-to-1 exposure to losses beyond 20%
|
Initial index level: | 2,095.15
|
Pricing date: | April 27
|
Settlement date: | April 29
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | 3.5%
|
Cusip: | 22548Q2J3
|
|
© 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.