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Credit Suisse plans digital buffered notes linked to Russell, S&P
By Angela McDaniels
Tacoma, Wash., Dec. 10 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due Dec. 28, 2017 linked to the Russell 2000 index and the S&P 500 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 fixed payment percentage, which is expected to be 19% to 21% and will be set at pricing. If final level of the lesser-performing index is less than its initial level by not more than 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Dec. 22.
The Cusip number is 22546VSJ6.
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