Credit Suisse plans 17- to 20-month digital buffered notes on S&P 500

By Devika Patel

Knoxville, Tenn., July 17 – Credit Suisse AG, London Branch plans to price 17- to 20-month 0% digital buffered notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level or falls by up to 10%, the payout at maturity will be the maximum settlement amount, which is expected to be between $1,083.70 and $1,098.40 per $1,000 principal amount and will be set at pricing. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip is 22550BCY7.

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