New Issue: Credit Suisse sells $1 million digital barrier notes on three stocks

By Sarah Lizee

Olympia, Wash., Feb. 14 – Credit Suisse AG, London Branch priced $1 million of 0% digital barrier notes due Feb. 18, 2021 linked to worst performing of the common stocks of Citigroup Inc., Walt Disney Co. and Vistra Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any stock finishes below its knock-in level, 70% of the initial level.

Upon maturity, investors will receive par plus the 11% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing stock.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlying stocks:	Citigroup Inc., Walt Disney Co. and Vistra Energy Corp.
Amount:	$1 million
Maturity:	Feb. 18, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the 11% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing stock
Initial levels:	$78.85 for Citigroup, $141.37 for Disney, $21.93 for Vistra
Knock-in levels:	$55.195 for Citigroup, $98.959 for Disney, $15.351 for Vistra; 70% of initial levels
Pricing date:	Feb. 5
Settlement date:	Feb. 10
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.25%
Cusip:	22551NP26

© 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.