Published on 4/29/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.35 million buffered notes linked to S&P 500
By Marisa Wong
Madison, Wis., April 29 – Credit Suisse AG, London Branch priced $3.35 million of 0% buffered notes due May 2, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,165.50 for each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Buffered notes
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Underlying index: | S&P 500
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Amount: | $3.35 million
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Maturity: | May 2, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to a maximum settlement amount of $1,165.50 for each $1,000 of notes; par if the index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15%
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Initial index level: | 2,108.92
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Pricing date: | April 27
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Settlement date: | May 4
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.74%
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Cusip: | 22546VAZ9
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