Published on 2/9/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $9.3 million digital barrier notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 9 – Credit Suisse AG, Nassau Branch priced $9.3 million of 0% digital barrier notes due March 9, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3% unless the index falls by 35% or more, in which case investors will be fully exposed to the decline.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, Nassau Branch
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Issue: | Digital barrier notes
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Underlying index: | S&P 500
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Amount: | $9,297,000
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Maturity: | March 9, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 3% unless the index falls by 35% or more, in which case investors will be fully exposed to the decline
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Initial level: | 2,292.56
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Knock-in level: | 1,490.164, 65% of initial level
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Pricing date: | Feb. 6
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Settlement date: | Feb. 9
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 22548QV28
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