Published on 7/31/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $1.35 million digital buffered notes on Russell
By Susanna Moon
Chicago, July 31 – Credit Suisse AG, London Branch priced $1.35 million of 0% digital buffered notes due Jan. 31, 2019 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 a fixed return of 17.25%.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
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
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Amount: | $1,347,000
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Maturity: | Jan. 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 20%, par plus 17.25%; otherwise, 1% loss per 1% drop beyond 20%
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Initial level: | 1,229.599
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Pricing date: | July 29
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Settlement date: | July 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3%
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Cusip: | 22546VGN0
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