New Issue: Credit Suisse prices $727,000 digital barrier notes tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Credit Suisse AG, London Branch priced $727,000 of 0% digital barrier notes due June 29, 2020 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its 75% knock-in level, the payout at maturity will be par plus the fixed return of 13.35%.

Otherwise, investors will be fully exposed to any losses of the worse performing asset.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underlyings:	Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
Amount:	$727,000
Maturity:	June 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its knock-in level, par plus 13.35%; otherwise, full exposure to any losses of the worse performing asset
Initial levels:	3,000.61 for index, $38.52 for ETF
Knock-in levels:	2,250.4575 for index, $28.89 for ETF; 75% of initial levels
Pricing date:	Dec. 21
Settlement date:	Dec. 31
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22551LNR7

© 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.