Published on 7/28/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $600,000 digital buffered notes linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, July 28 – Credit Suisse AG, London Branch priced $600,000 of 0% digital buffered notes due Jan. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is at least 80% of the initial index level, the payout at maturity will be par plus the fixed payment of 18.5%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Credit Suisse Securities (USA) LLC and Incapital LLC are the agents.
Issuer: | Credit Suisse AG, London Branch
|
Issue: | Digital buffered notes
|
Underlying index: | Russell 2000
|
Amount: | $600,000
|
Maturity: | Jan. 30, 2020
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If final index level is at least 80% of initial level, par plus 18.5%; otherwise, 1% loss for every 1% index declines beyond 20%
|
Initial index level: | 1,216.859
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agents: | Credit Suisse Securities (USA) LLC and Incapital LLC
|
Fees: | 3.25%
|
Cusip: | 22548QC60
|
|
© 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.