Published on 12/22/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $11.13 million digital buffered notes on Russell 2000 Value
By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – Credit Suisse AG, London Branch priced $11.13 million of 0% digital buffered notes due May 18, 2022 linked to the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% buffer level, the payout at maturity will be par plus the fixed payment of 8.9%.
Otherwise, investors will lose 1.1111% for each 1% decline beyond the 10% buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital buffered notes
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Underlying index: | Russell 2000 Value
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Amount: | $11,125,000
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Maturity: | May 18, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 90% of initial level, par plus 8.9%; otherwise, 1.1111% loss for each 1% decline beyond 10%
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Initial index level: | 1,333.6688
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Buffer level: | 90% of initial level
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Pricing date: | Dec. 16
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Settlement date: | Dec. 23
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.23%
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Cusip: | 22552WXL4
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