New Issue: Credit Suisse prices $793,000 digital barrier notes linked to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – Credit Suisse AG, London Branch priced $793,000 of 0% digital barrier notes due March 29, 2021 linked to the lower performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlier finishes below its knock-in level, 75% of its initial level.

If a knock-in event does not occur, the payout at maturity will be par plus 11.35%. If a knock-in event does occur, the payout will be par plus the return of the lesser-performing underlier.

Credit Suisse Securities (USA) LLC is the agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Digital barrier notes
Underliers:	Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
Amount:	$793,000
Maturity:	March 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.35% unless either underlier finishes below knock-in level, in which case par plus return of lesser-performing underlier
Initial levels:	$41.61 for ETF, 3,571.39 for index
Knock-in levels:	$31.2075 for ETF, 2,678.5425 for index, or 75% of initial levels
Pricing date:	Sept. 20
Settlement date:	Sept. 27
Agent:	Credit Suisse Securities (USA) LLC
Fees:	1.5%
Cusip:	22552FVE9

© 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.