Credit Suisse plans digital barrier notes linked to S&P 500, Russell

By Jennifer Chiou

New York, Dec. 7 - Credit Suisse AG, Nassau Branch plans to price 0% digital barrier notes due Dec. 31, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if either underlying index finishes at or below its 70% knock-in level.

If a knock-in event fails to occur, the payout at maturity will be par plus the fixed percentage of 12% to 13%.

Otherwise, investors will be fully exposed to losses of the lower-performing index.

The notes (Cusip: 22546TM99) are expected to price on Dec. 21 and settle on Dec. 31.

Credit Suisse Securities (USA) LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.