Published on 7/19/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $500,000 digital plus barrier notes linked to S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, July 19 – Credit Suisse AG, London Branch priced $500,000 of 0% digital plus barrier notes due July 20, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 58%.
If the final level of the lesser-performing index is less than its initial level but greater than the knock-in level, 50% of its initial level, the payout will be par.
If the final level of the lesser-performing index is less than or equal to its knock-in level, investors will be exposed to the decline of the lesser-performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
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| Issue: | Digital plus barrier notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $500,000
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| Maturity: | July 20, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of lesser-performing index is greater than or equal to initial level, par plus greater of lesser-performing index’s return and 58%; if final level of lesser-performing index is less than initial level but greater than knock-in level, par; if final level of lesser-performing index is less than or equal to knock-in level, exposure to decline of lesser-performing index from initial level
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| Initial index levels: | 2,161.74 for S&P 500 and 1,205.309 for Russell 2000
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| Knock-in levels: | 1,205.309 for S&P 500 and 602.6545 for Russell 2000; 50% of initial level
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| Pricing date: | July 15
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| Settlement date: | July 22
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| Agent: | Credit Suisse Securities (USA) LLC
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| Fees: | 0.5%
|
| Cusip: | 22548QCF0
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