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Published on 4/26/2017 in the Prospect News Structured Products Daily.

New Issue: Credit Suisse sells $5.25 million buffer digital notes on iShares EAFE

By Marisa Wong

Morgantown, W.Va., April 26 – Credit Suisse AG, London Branch priced $5.25 million of 0% buffer digital notes due April 26, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s final share price is at least 90% of the initial share price, the payout at maturity will be par of $10 plus 12.8%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.

UBS Financial Services Inc. is distributor.

Issuer:Credit Suisse AG, London Branch
Issue:Buffer digital notes
Underlying ETF:iShares MSCI EAFE
Amount:$5.25 million
Maturity:April 26, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If final share price is greater than or equal to digital barrier, par plus 12.8%; otherwise, 1% loss for every 1% that ETF declines beyond 10%
Initial share price:$61.44
Digital barrier:$55.30, 90% of initial share price
Pricing date:April 19
Settlement date:April 24
Distributor:UBS Financial Services Inc.
Fees:1%
Cusip:22549A752

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