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Credit Suisse plans buffered digital notes linked to SPDR S&P Metals
By Susanna Moon
Chicago, Feb. 1 - Credit Suisse AG, Nassau Branch plans to price 0% buffered digital equity securities linked to the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 14 and 16 months after pricing.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return and a fixed payment of 11.5% to 14.5%.
Investors will receive par if the index falls by up to 10% and will lose 1.111111% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price and settle in February.
The Cusip number is 22546TT27.
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