Published on 1/7/2020 in the Prospect News Structured Products Daily.
New Issue: Credit Suisse sells $2.05 million digital plus buffered notes on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Credit Suisse AG, London Branch priced $2.05 million of 0% digital plus buffered notes due Dec. 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is greater than or equal to the buffer level, 80% of the initial level, the payout at maturity will be par plus the return, capped at par plus 60%.
If the index declines by more than 10%, investors will lose 1% for each 1% decline beyond the buffer.
Credit Suisse Securities (USA) LLC is the agent.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus buffered notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2.05 million
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Maturity: | Dec. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of the, index is greater than or equal to the buffer level, 80% of the initial level, par plus the return, capped at par plus 60%; if index declines by more than 10%, 1% loss for each 1% decline beyond the buffer
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Initial level: | 3,782.27
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Buffer level: | 3404.043, 90% of initial level
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Pricing date: | Dec. 27
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Settlement date: | Dec. 31
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 4.25%
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Cusip: | 22551NF76
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