New Issue: Credit Suisse prices $1.16 million digital barrier notes linked to S&P, Russell

By Marisa Wong

Morgantown, W.Va., June 22 – Credit Suisse AG, London Branch priced $1.16 million of digital barrier notes due Dec. 26, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index finishes at or below its knock-in level, 75% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus 10%. Otherwise, the payout will be par plus the return of the lesser-performing index, with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,155,000
Maturity:	Dec. 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If either index finishes at or below its knock-in level, par plus return of lesser-performing index; otherwise, par plus 10%
Initial index levels:	2,071.22 for S&P 500 and 1,144.698 for Russell 2000
Knock-in levels:	1,553.415 for S&P 500 and 858.5235 for Russell 2000; 75% of initial levels
Pricing date:	June 17
Settlement date:	June 24
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.95%
Cusip:	22548QAB1

© 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.