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Published on 11/5/2019 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse prices $488,000 digital buffered notes linked to Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Credit Suisse AG, London Branch priced $488,000 of 0% digital buffered notes due May 3, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial index level, the payout at maturity will be par plus 17.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

Incapital LLC is the agent.

Issuer:Credit Suisse AG, London Branch
Issue:Digital buffered notes
Underlying index:Russell 2000
Amount:$488,000
Maturity:May 3, 2023
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to buffer level, par plus 17.5%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:1,571.933
Buffer level:1,336.14305, 85% of initial level
Pricing date:Oct. 28
Settlement date:Oct. 31
Agent:Incapital LLC
Fees:3.25%
Cusip:22552FVZ39

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