By Sarah Lizee
Olympia, Wash., April 3 – Credit Suisse AG, London Branch priced $600,000 of 0% digital plus buffered notes due March 31, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight and the Euro Stoxx 50 index with a 50% weight.
If the basket finishes at or above 90% of its initial level, the payout at maturity will be par plus the greater of the basket return and 50%. Investors will receive par if the basket falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
| Issuer: | Credit Suisse AG, London Branch
|
| Issue: | Digital plus buffered notes
|
| Underlying indexes: | S&P 500 index and Euro Stoxx 50 index; 50% weight each
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| Amount: | $600,000
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| Maturity: | March 31, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket finishes at or above 90% of its initial level, par plus the greater of the basket return and 50%; par if the basket falls by up to 20%; 1% loss for each 1% decline beyond 20%
|
| Downside threshold level: | 90% of initial basket level
|
| Buffer level: | 80% of initial basket level
|
| Underwriter: | Credit Suisse Securities (USA) LLC
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Fees: | 0.6%
|
| Cusip: | 22551NWA0
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