Credit Suisse to price digital barrier notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., June 2 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due June 10, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the fixed payment percentage unless either finishes at or below its knock-in level, 70% of its initial level, in which case investors will be exposed to the decline of the lesser-performing index. The fixed payment percentage is expected to be 12% and will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 5.

The Cusip number is 22550BA52.

© 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.