Published on 7/6/2018 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $7.09 million digital barrier notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., July 6 – Credit Suisse AG, London Branch priced $7.09 million of 0% digital barrier notes due Aug. 7, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 8.08%.
Otherwise, investors will receive par plus the return of the lesser-performing index with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $7,086,000
|
| Maturity: | Aug. 7, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above knock-in level, par plus 8.08%; otherwise, par plus return of lesser-performing index with full exposure to losses
|
| Initial levels: | 2,726.71 for S&P and 1,908.697 for Russell
|
| Knock-in levels: | 1,908.697 for S&P and 1,158.5602 for Russell; 70% of initial levels
|
| Pricing date: | July 2
|
| Settlement date: | July 10
|
| Agent: | Credit Suisse Securities (USA) LLC
|
| Fees: | 0.43%
|
| Cusip: | 22550WY84
|
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