New Issue: Credit Suisse sells $381,000 of digital plus barrier notes on UnitedHealth

By Sarah Lizee

Olympia, Wash., July 8 – Credit Suisse AG, London Branch priced $381,000 of 0% digital plus barrier notes due Jan. 3, 2022 linked to the common stock of UnitedHealth Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its initial level, the payout at maturity will be par plus the greater of the stock return and 8%.

If the stock falls but finishes at or above its 75% knock-in level, the payout will be par.

Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying stock:	UnitedHealth Group Inc.
Amount:	$381,000
Maturity:	Jan. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes flat or gains, par plus greater of return and 8%; if stock falls by up to 25%, par; otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent
Initial level:	$289.76
Knock-in level:	$217.32, 75% of initial level
Pricing date:	June 29
Settlement date:	July 2
Agent:	Credit Suisse Securities (USA) LLC
Fees:	2.25%
Cusip:	22552WA62

© 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.