New Issue: Credit Suisse sells $6.99 million digital buffered index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 21 – Credit Suisse AG, London Branch priced $6.99 million 0% digital buffered index-linked notes due Nov. 20, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 82.5% of its initial level, the payout at maturity will be par plus 24.65%.

Otherwise, investors will lose 1.2121% for each 1% decline beyond the 17.5% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$6,986,000
Maturity:	Nov. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, par plus 24.65%; otherwise, 1.2121% loss for each 1% drop beyond buffer
Initial level:	3,830.85
Buffer level:	82.5% of initial level
Pricing date:	July 18
Settlement date:	July 25
Agent:	Credit Suisse Securities (USA) LLC
Fees:	None
Cusip:	22553QCZ8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.