Credit Suisse to price digital-plus barrier notes linked to Euro Stoxx 50

By Jennifer Chiou

New York, Nov. 3 – Credit Suisse AG plans to price 0% digital-plus barrier notes due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, then the payout at maturity will be par plus the greater of the fixed payment percentage and the index return. The fixed payment percentage is expected to be 60% to 65% and will be set at pricing.

If the final index level is less than the initial index but greater than the knock-out level, expected to be 60% of the initial index level, then the payout will be par.

If the final index level is less than or equal to the knock-out level, then investors will be fully exposed to the decline of the index from its initial level.

The notes (Cusip: 22547QWA0) will price on Nov. 21 and settle on Nov. 28.

Credit Suisse Securities (USA) LLC is the agent.

© 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.