New Issue: Credit Suisse prices $741,000 digital plus barrier notes on S&P 500

By Jennifer Chiou

New York, Nov. 29 - Credit Suisse AG, Nassau Branch priced $741,000 of 0% digital plus barrier notes due Nov. 30, 2016 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 its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment of 23%.

Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls by 30% or more.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, Nassau Branch
Issue:	Digital plus barrier notes
Underlying index:	S&P 500
Amount:	$741,000
Maturity:	Nov. 30, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, floor of 23%; par if index falls by up to 30%; full exposure to losses if index falls by 30% or more
Initial index level:	1,398.94
Knock-in level:	979.258, 70% of initial level
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Underwriter:	Credit Suisse Securities (USA) LLC
Fees:	3.75%
Cusip:	22546TH46

© 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.