By Devika Patel
Knoxville, Tenn., Feb. 1 – Credit Suisse AG, London Branch, priced $2.2 million of 0% digital plus barrier notes due Feb. 13, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the fixed payment percentage of 10%.
If the final index level is less than the initial index level but greater than the knock-in level, 80% of the initial index level, the payout will be par.
If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital plus barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,198,000
|
| Maturity: | Feb. 13, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is at least zero, par plus 10%; par if index falls by up to 20%; full exposure to losses if index falls by 20% or more
|
| Initial level: | 1,893.36
|
| Knock-in level: | 1,514.688, 80% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 5
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.25%
|
| Cusip: | 22546VV86
|
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