New Issue: Credit Suisse prices $500,000 digital barrier notes linked to Russell, S&P 500

By Angela McDaniels

Tacoma, Wash., July 8 – Credit Suisse AG, London Branch priced $500,000 of 0% digital barrier notes due July 30, 2020 linked to the lower performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index closes below its knock-in level, 75% of its initial level, during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus 7.5%. If a knock-in event does occur, the payout will be par plus the return of the lesser-performing index, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$500,000
Maturity:	July 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.5% unless either index closes below knock-in level during life of notes, in which case par plus return of lesser-performing index, subject to maximum payout of par
Initial levels:	2,917.38 for S&P 500 and 1,521.035 for Russell 2000
Knock-in levels:	2,188.035 for S&P 500 and 1,140.77625 for Russell 2000, or 75% of initial levels
Pricing date:	June 25
Settlement date:	June 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.18%
Cusip:	22552FG55

© 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.