Published on 12/28/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $879,000 digital buffered notes linked to indexes
By Susanna Moon
Chicago, Dec. 28 – Credit Suisse AG, London Branch priced $879,000 of 0% digital buffered notes due Dec. 28, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the fixed payment of 20%.
Investors will receive par if each index falls by up to 10% and will be exposed to any losses of the worse performing index beyond 10%.
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 indexes: | Russell 2000
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Amount: | $879,000
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Maturity: | Dec. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 20%; par if each index falls by up to 10%; exposure to any losses of worse performing index beyond 10%
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Initial levels: | 2,038.97 for S&P, 1,137.686 for Russell
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.8%
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Cusip: | 22546VSJ6
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