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Credit Suisse to price digital plus barrier notes tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Nov. 10 – Credit Suisse plans to price 0% digital plus barrier notes due Nov. 19, 2020 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 index gain and a fixed payment, which is expected to be 42.5% to 47.5% and will be set at pricing.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes at or below the 65% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 16 and settle on Nov. 19.
The Cusip number is 22546VQD1.
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