New Issue: Credit Suisse prices $445,000 digital buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 6 – Credit Suisse AG, London Branch priced $445,000 of 0% digital buffered notes due Aug. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 20%, the payout at maturity will be par plus 21%. If the index falls by more than 20%, investors will lose 1% for every 1% that the index declines beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital buffered notes
Underlying index:	S&P 500
Amount:	$445,000
Maturity:	Aug. 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least negative 20%, par plus 21%; if the index falls by more than 20%, investors will lose 1% for every 1% that the index declines beyond 20%
Initial level:	2,169.04
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.5%
Cusip:	22548QD93

© 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.