Published on 2/27/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $404,000 digital plus barrier notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 27 – Credit Suisse AG, London Branch priced $404,000 of 0% digital plus barrier notes due Feb. 27, 2023 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 its initial level, the payout at maturity will be par plus the greater of the return and the fixed payment percentage of 34%.
If the index falls but finishes above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus barrier notes
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Underlying index: | S&P 500
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Amount: | $404,000
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Maturity: | Feb. 27, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus the greater of return and 34%; if index falls by less than 30%, par; otherwise, full exposure to any losses
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Initial level: | 2,351.16
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Knock-in level: | 1,645.812, 70% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 27
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.7%
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Cusip: | 22548QUX1
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