New Issue: Credit Suisse prices $388,000 digital plus barrier notes on Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 24 – Credit Suisse AG, London Branch priced $388,000 of digital plus barrier notes due March 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial index level, the payout at maturity will be par plus the greater of the index return and fixed payment percentage of 55%.

If the index falls but finishes above the knock-in level, 60% of the initial index level, the payout will be par.

Otherwise, investors will be fully exposed to the loss.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital plus barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$388,000
Maturity:	March 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is at least zero, par plus greater of index return and 55%; par if index falls by up to 40%; full exposure to losses if index falls below knock-in level
Initial level:	2,871.05
Knock-in level:	1,722.63, 60% of initial level
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.8%
Cusip:	22546VW93

© 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.