Published on 9/23/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $1.05 million digital barrier notes on S&P, Russell
By Susanna Moon
Chicago, Sept. 23 – Credit Suisse AG, London Branch priced $1.05 million of digital barrier notes due Oct. 25, 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 above its 70% knock-in level, the payout at maturity will be par plus a fixed return of 6.5%.
Otherwise, the payout will be par plus the return of the worse performing index, with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying index: | S&P 500, Russell 2000
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Amount: | $1,052,000
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Maturity: | Oct. 25, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above knock-in level, par plus 6.5%; otherwise, full exposure to any losses of worse performing index
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Initial levels: | 2,139.76 for S&P, 1,228.33 for Russell
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Knock-in levels: | 1,497.832 for S&P, 859.831for Russell; 70% of initial levels
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Pricing date: | Sept. 20
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Settlement date: | Sept. 23
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.65%
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Cusip: | 22548QHD0
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