By Wendy Van Sickle
Columbus, Ohio, April 27 – Credit Suisse AG, London Branch priced $1.46 million 0% digital buffered notes due April 30, 2018 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 par and a fixed return of 14.5%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the 10% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital buffered notes
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Underlying index: | S&P 500
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Amount: | $1.46 million
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Maturity: | April 30, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, greater of par plus return and par plus 14.5%; par if index falls by up to 10%; 1-to-1 exposure to losses beyond 10%
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Initial index level: | 2,091.58
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Pricing date: | April 22
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Settlement date: | April 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.25%
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Cusip: | 22548Q2D6
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