Published on 9/5/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.43 million digital plus barrier notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 5 – Credit Suisse AG, London Branch priced $1.43 million of 0% digital plus barrier notes due Aug. 31, 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 index return and 55%.
If the index falls but finishes above the 70% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital plus barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,426,000
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, par plus greater of index return and 55%; if index falls but finishes above knock-in level, par; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 2,443.05
|
| Knock-in level: | 1,710.135; 70% of initial level
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 31
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 22550BGC1
|
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