New Issue: Credit Suisse prices $9.28 million digital buffered notes on S&P 500

By Taylor Fox

New York, Feb. 18 – Credit Suisse AG, London Branch priced $9.28 million 0% digital buffered notes due Dec. 21, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 87.5% of its initial level, the payout at maturity will be the fixed payment of $1,149.10 per $1,000 note.

Investors will lose 1.1429% for each 1% decline beyond 12.5%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500
Amount:	$9,279,000
Maturity:	Dec. 21, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is above buffer level, $1,149.10 per $1,000 note; if index falls beyond buffer, 1.1429% loss for each 1% drop beyond 12.5%
Initial level:	3,787.38
Buffer level:	87.5% of initial level
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0%
Cusip:	22552X6M0

© 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.