Published on 2/6/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $701,000 digital barrier notes tied to S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 6 – Credit Suisse AG, London Branch priced $701,000 of 0% digital barrier notes due March 4, 2020 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 closes at or above its 75% knock-in level every day, the payout at maturity will be par plus the fixed return of 12%.
Otherwise, investors will receive par plus the return of the lesser-performing index with full exposure to any losses, subject to a maximum return of zero.
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 indexes: | S&P 500 and Russell 2000
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Amount: | $701,000
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Maturity: | March 4, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index closes at or above knock-in level each day, par plus 12%; otherwise, par plus return of lesser-performing index with full exposure to losses and cap of zero
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Initial levels: | 2,704.10 for S&P and 1,499.419 for Russell
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Knock-in levels: | 2028.075 for S&P and 1,124.56425 for Russell; 75% of initial levels
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Pricing date: | Jan. 31
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Settlement date: | Feb. 5
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.68%
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Cusip: | 22551LRV4
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