Published on 12/24/2015 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $359,000 digital buffered notes linked to Russell
By Susanna Moon
Chicago, Dec. 24 – Credit Suisse AG, London Branch priced $359,000 0% digital buffered notes due Dec. 26, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the fixed payment of 16%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
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: | $359,000
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Maturity: | Dec. 26, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is at least zero, par plus 16%; par if index falls by up to 10%; exposure to any losses beyond 10%
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Initial level: | 1,121.02
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Pricing date: | Dec. 18
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Settlement date: | Dec. 28
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 2.25%
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Cusip: | 22546VRH1
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