Published on 6/19/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $150,000 digital buffered notes linked to Russell
By Sarah Lizee
Olympia, Wash., June 19 – Credit Suisse AG, London Branch priced $150,000 of 0% digital buffered notes due Dec. 1, 2022 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 15.75%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Incapital 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: | $150,000
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Maturity: | Dec. 1, 2022
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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 buffer level, par plus 15.75%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 1,504.019
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Buffer level: | 1,203.2152, 80% of initial level
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Pricing date: | May 28
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Settlement date: | May 31
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Agent: | Incapital LLC
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Fees: | 3.25%
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Cusip: | 22552FDD1
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