New Issue: Credit Suisse prices $1.57 million digital plus buffered notes on Dow

By Susanna Moon

Chicago, Feb. 27 – Credit Suisse AG, London Branch priced $1.57 million of 0% digital plus buffered notes due March 1, 2021 linked to the Dow Jones industrial average, 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 greater of the index gain and a fixed payment of 30.5%.

Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus buffered notes
Underlying index:	Dow Jones industrial average
Amount:	$1,565,000
Maturity:	March 1, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, floor of 30.5%; par if index falls by up to 15%; exposure to losses beyond 15%
Initial index level:	1,8224.57
Buffer level:	85% of initial level
Underwriter:	Credit Suisse Securities (USA) LLC
Pricing date:	Feb. 25
Settlement date:	Feb. 27
Fees:	4%
Cusip:	22546V4F0

© 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.