New Issue: Credit Suisse sells $816,000 digital plus barrier notes on Euro Stoxx

By Devika Patel

Knoxville, Tenn., May 26 – Credit Suisse AG, London Branch priced $816,000 of 0% digital plus barrier notes due May 26, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes higher than the knock-in level, 70% of the initial level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage of 37.75%.

If the final level of the index is less than or equal to the knock-in level, investors will lose 1% for each 1% decline of the index from its initial level.

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:	$816,000
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return increases or falls by up to 30%, par plus the greater of the index return and 37.75%; 1% loss for each 1% decline of index from initial level if it falls by more than 30%
Initial level:	3,587.01
Knock-in level:	2,510.907, 70% of initial level
Pricing date:	May 19
Settlement date:	May 26
Agent:	Credit Suisse Securities (USA) LLC
Fees:	3.7%
Cusip:	22550B4K6

© 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.