New Issue: Credit Suisse prices $633,000 digital barrier notes linked to biotech ETF, S&P

By Wendy Van Sickle

Columbus, Ohio, Dec. 29 – Credit Suisse AG, London Branch priced $633,000 of 0% digital barrier notes due Jan. 25, 2018 linked to the S&P 500 index and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlier finishes at or below its knock-in level, 60% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus the 10.5% fixed payment. If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing underlier.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underliers:	S&P 500 index and SPDR S&P Biotech ETF
Amount:	$633,000
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If either underlier finishes below knock-in level, par plus return of lesser-performing underlier; otherwise, par plus 10.5%
Initial levels:	2,260.96 for index and $59.47 for ETF
Knock-in levels:	1,356.576 for index and $35.682 for ETF; 60% of initial levels
Pricing date:	Dec. 22
Settlement date:	Dec. 28
Agent:	Credit Suisse Securities (USA) LLC
Fees:	0.7%
Cusip:	22548QQV0

© 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.