E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/10/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $820,000 digital buffered notes on Russell 2000

New York, May 10 – Credit Suisse AG, London Branch priced $820,000 of 0% digital buffered notes due Nov. 8, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the fixed payment of 11.5%.

If the index closes below its initial level but equal to or higher than the 90% buffer level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:Russell 2000 index
Amount:$820,000
Maturity:Nov. 8, 2018
Coupon:0%
Price:Par
Payout at maturity:If the index gains, par plus 11.5%; if the index falls but ends at or above 90% of initial level, par; otherwise, 1% loss for each 1% decline beyond the 10% buffer
Initial index level:1,396.995
Buffer level:1,257.2955, 90% of initial level
Pricing date:May 5
Settlement date:May 10
Agent:Credit Suisse Securities (USA) LLC
Fees:0.75%
Cusip:22550B3K7

© 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.