Published on 12/13/2019 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $125,000 digital buffered notes linked to Dow industrials
By Angela McDaniels
Tacoma, Wash., Dec. 13 – Credit Suisse AG, London Branch priced $125,000 of 0% digital buffered notes due Dec. 1, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 18%. Investors will receive par if the index declines by 20% or less and 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
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Issue: | Digital buffered notes
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Underlying index: | Dow Jones industrial average
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Amount: | $125,000
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Maturity: | Dec. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 18%; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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Initial level: | 28,164.00
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Buffer level: | 22,531.20, or 80% of initial level
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Pricing date: | Nov. 27
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Settlement date: | Dec. 3
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Agent: | Credit Suisse Securities (USA) LLC
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Fees: | 1.5%
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Cusip: | 22551N6H4
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