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Credit Suisse will price digital plus barrier notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Feb. 5 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due March 4, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the return of the lesser-performing index and 55% to 60%.
If the final level of the lesser-performing index is less than its initial level but greater than or equal to its knock-in level, 70% of its initial level, the payout will be par.
If the final level of the lesser-performing index is less than its knock-in level, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22551LWU0) will price on Feb. 28.
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