Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $835,000 digital barrier notes tied to S&P, Russell
By Marisa Wong
Morgantown, W.Va., May 29 – Credit Suisse AG, London Branch priced $835,000 of 0% digital barrier notes due May 23, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 77.75% knock-in level, the payout at maturity will be par plus the fixed return of 32.25%.
Otherwise, investors will receive par plus the return of the lesser-performing index with full exposure to any losses.
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 and Russell 2000
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Amount: | $835,000
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Maturity: | May 23, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above knock-in level, par plus 32.25%; otherwise, par plus return of lesser-performing index with full exposure to losses
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Initial levels: | 2,712.97 for S&P and 1,626.629 for Russell
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Knock-in levels: | 2,109.33 for S&P and 1,264.704 for Russell; 77.75% of initial levels
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Pricing date: | May 18
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Settlement date: | May 23
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.6%
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Cusip: | 22550WTF4
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