E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Digital buffered notes
Underlying index:Russell 2000 index
Amount:$168,000
Maturity:Nov. 30, 2021
Coupon:0%
Price:Par
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
Initial index level:1,628.222
Buffer level:1,302.5776, 80% of initial level
Pricing date:May 24
Settlement date:May 30
Agent:Credit Suisse Securities (USA) LLC
Fees:3.25%
Cusip:22550WT23

© 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.