Published on 8/26/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $515,000 2% coupon digital barrier notes on indexes
By Susanna Moon
Chicago, Aug. 26 – Credit Suisse AG, London Branch priced $515,000 of 2% coupon digital barrier notes due Aug. 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If each index finishes at or above the 70% knock-in level, the payout at maturity will be par plus a fixed payment 36%.
Otherwise, the payout will be par plus the return of the worse performing index, with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Coupon digital barrier notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $515,000
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Maturity: | Aug. 30, 2021
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Coupon: | 2%, payable quarterly
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Price: | Par
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Payout at maturity: | If each index finishes at or above knock-in level, par plus 36%; otherwise, full exposure to any losses of worse performing index
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Initial levels: | 1,970.89 for S&P and 1,156.788 for Russell
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Knock-in levels: | 70% of initial levels
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Pricing date: | Aug. 21
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Settlement date: | Aug. 28
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 3.8%
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Cusip: | 22546VJ98
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