Published on 5/29/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $341,000 digital buffered notes linked to Russell
By Toni Weeks
San Luis Obispo, Calif., May 29 – Credit Suisse AG, London Branch priced $341,000 of 0% digital buffered notes due Nov. 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 20%. If the final index level is less than the initial index level by not more than 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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
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Amount: | $341,000
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Maturity: | Nov. 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 20%; if final index level is less than initial index level by not more than 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial index level: | 1,254.357
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Pricing date: | May 27
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Settlement date: | May 29
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 3%
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Cusip: | 22546VCX2
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