Published on 12/6/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $3.88 million digital barrier notes on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – Credit Suisse AG, London Branch priced $3.88 million of 0% digital barrier notes due Jan. 4, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus a fixed payment of 6% unless either index finishes at or below its knock-in level, 60% of the initial level, in which case investors will share fully in the decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $3.88 million
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Maturity: | Jan. 4, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 6% unless either index finishes at or below its knock-in level, in which case investors will share fully in the decline of the worse performing index
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Initial levels: | 2,204.66 for S&P, 1,328.219 for Russell
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Knock-in levels: | 1,322.796 for S&P, 796.9314 for Russell; 60% of initial levels
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Pricing date: | Nov. 29
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Settlement date: | Dec. 2
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 0.43%
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Cusip: | 22548QNK7
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