Credit Suisse plans to price digital buffered notes tied to Stoxx 50

By Sarah Lizee

Olympia, Wash., July 12 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due in 17 to 20 months linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its buffer level, the payout at maturity will be the maximum settlement amount of $1,112.80 to $1,132.70 per $1,000 of notes.

The buffer level will be 87.5% of the index’s initial level.

Otherwise, investors will lose 1.14286% for each 1% decline beyond the 12.5% buffer.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22550BUZ4.

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