Published on 11/18/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.61 million of digital buffered notes on Russell
By Susanna Moon
Chicago, Nov. 18 – Credit Suisse AG, London Branch priced $1.61 million of 0% digital buffered notes due May 4, 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 90% threshold level, the payout at maturity will be par plus the fixed payment of 13.35%.
Otherwise, investors will lose 1% for every 1% decline 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: | $1,609,000
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Maturity: | May 4, 2018
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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 90% of initial level, par plus 13.35%; otherwise, 1% loss per 1% drop beyond 10%
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Initial index level: | 1302.144
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Pricing date: | Nov. 15
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Settlement date: | Nov. 18
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22548QNJ0
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