New Issue: Credit Suisse sells $869,000 of digital buffered notes tied to Russell

By Wendy Van Sickle

Columbus, Ohio, March 1 – Credit Suisse AG, London Branch, priced $869,000 of 0% digital buffered notes due Aug. 27, 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
Issue:	Digital buffered notes
Underlying index:	Russell 2000
Amount:	$869,000
Maturity:	Aug. 27, 2020
Coupon:	0%
Price:	Par
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%
Initial index level:	1,394.623
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.25%
Cusip:	22548QTG0

© 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.