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Credit Suisse plans digital plus barrier notes due 2017 on S&P 500
By Susanna Moon
Chicago, Dec. 31 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due Jan. 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment of 14% to 18%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls below the 70% trigger level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 28 and settle on Jan. 31.
The Cusip number is 22546TQ61.
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