New Issue: Credit Suisse prices $1.23 million buffered digital notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 5 – Credit Suisse AG, London Branch priced $1.23 million of 0% buffered digital notes due July 1, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 20%, the payout will be par plus the fixed return of 21%.

If the index return is less than negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$1,231,000
Maturity:	July 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 20%, par plus 21%; otherwise, 1% loss per 1% drop beyond 20%
Initial index level:	2,036.09
Pricing date:	June 28
Settlement date:	June 30
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22548QA88

© 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.