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Credit Suisse plans digital plus barrier notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., March 27 – Credit Suisse AG plans to price 0% digital plus barrier notes due May 3, 2019 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 initial level, the payout at maturity will be par plus the greater of the gain and a fixed payment percentage of 27.5% to 32.5%. The exact fixed payment will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses in the index beyond 25%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 27 and settle on April 30.
The Cusip number is 22546VAB2.
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