Published on 3/1/2016 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse prices $88,000 digital buffered notes linked to Stoxx 50
By Susanna Moon
Chicago, March 1 – Credit Suisse AG, London Branch priced $88,000 of 0% digital buffered notes due Aug. 28, 2019 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 its 80% buffer level, the payout at maturity will be par plus the fixed payment of 20%.
Otherwise, investors 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 buffered notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $88,000
|
Maturity: | Aug. 28, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains or falls by up to 20%, par plus 20%; otherwise, 1% loss for each 1% drop beyond 20%
|
Initial level: | 2,877.42
|
Pricing date: | Feb. 25
|
Settlement date: | Feb. 29
|
Agent: | Credit Suisse Securities (USA) LLC
|
Fees: | Up to 3.25%
|
Cusip: | 22546VWJ1
|
|
|
© 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.