Published on 5/27/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.15 million digital buffered notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., May 27 – Credit Suisse AG, London Branch priced $1.15 million of 0% digital buffered notes due Nov. 29, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 80% of the initial index level, the payout at maturity will be par plus 18.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
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: | $1,146,000
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Maturity: | Nov. 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is at least 80% of initial index level, par plus 18.5%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial index level: | 1,139.754
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Pricing date: | May 26
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Settlement date: | May 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.25%
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Cusip: | 22548Q5F8
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