Published on 2/7/2017 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $666,000 of digital buffered notes tied to Russell
By Tali Rackner
Norfolk, Va., Feb. 7 – Credit Suisse AG, London Branch, priced $666,000 of 0% digital buffered notes due July 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the 80% threshold, the payout at maturity will be par plus the fixed payment of 19%.
Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.
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: | $666,000
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Maturity: | July 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of index is greater than or equal to initial level, or declines by up to 20%, par plus 19%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial index level: | 1,375.595
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3.25%
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Cusip: | 22548QRA5
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