E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Digital buffered notes
Underlying index:Dow Jones industrial average
Amount:$125,000
Maturity:Dec. 1, 2022
Coupon:0%
Price:Par
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%
Initial level:28,164.00
Buffer level:22,531.20, or 80% of initial level
Pricing date:Nov. 27
Settlement date:Dec. 3
Agent:Credit Suisse Securities (USA) LLC
Fees:1.5%
Cusip:22551N6H4

© 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.