Published on 5/30/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $168,000 digital buffered notes on Russell 2000
By Wendy Van Sickle
Columbus, Ohio, May 30 – Credit Suisse AG, London Branch priced $168,000 of 0% digital buffered notes due Nov. 30, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% buffer level, the payout at maturity will be par plus the fixed payment of 17%.
Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital buffered notes
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Underlying index: | Russell 2000 index
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Amount: | $168,000
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Maturity: | Nov. 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains, finishes flat or falls by up to 20%, par plus 17%; otherwise, 1% loss for each 1% decline beyond the 20% buffer
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Initial index level: | 1,628.222
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Buffer level: | 1,302.5776, 80% of initial level
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Pricing date: | May 24
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Settlement date: | May 30
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.25%
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Cusip: | 22550WT23
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