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Published on 8/19/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $1.15 million digital buffered notes linked to EAFE index

By Sarah Lizee

Olympia, Wash., Aug. 19 – Credit Suisse AG, London Branch price $1.15 million of 0% digital buffered notes due March 24, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 87.5% of the initial index level, the payout at maturity will be $1,098.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:MSCI EAFE index
Amount:$1,152,000
Maturity:March 24, 2021
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to buffer level, $1,098.50 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
Initial level:1,812.99
Buffer level:87.5% of initial level
Pricing date:Aug. 14
Settlement date:Aug. 21
Agent:Credit Suisse Securities (USA) LLC
Fees:None
Cusip:22552FSK9

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