By William Gullotti
Buffalo, N.Y., April 22 – Credit Suisse AG, London Branch priced $2.5 million of 0% digital plus index-linked notes due Aug. 21, 2023 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the digital return amount of 40%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter.
Issuer: | Credit Suisse AG, London Branch
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Issue: | Digital plus index-linked notes
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Underlying index: | Euro Stoxx Banks index
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Amount: | $2.5 million
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Maturity: | Aug. 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to initial level, par plus the greater of index return and 40%; otherwise, lose 1% for every 1% decline
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Initial level: | 109.32
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Strike date: | Feb. 17
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Pricing date: | Feb. 22
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Settlement date: | March 1
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Underwriter: | Credit Suisse Securities (USA) LLC
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Fees: | 1.51%
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Cusip: | 22553PKR9
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