Credit Suisse changes dates for digital barrier notes tied to indexes

By Toni Weeks

San Diego, Jan. 4 - Credit Suisse AG, Nassau Branch changed the maturity date and settlement date for its upcoming offering of 0% digital barrier notes linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature Jan. 27, 2015 instead of Jan. 26, 2015 and settle Jan. 28 instead of Jan. 25.

As previously reported, a knock-in event will occur if the final level of either index is less than or equal to its knock-in level, which is expected to be 70% of the initial level. If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 12% to 13%. If a knock-in event does occur, the payout will be par plus the return of the lowest-performing index, which will be negative.

The exact fixed payment percentage and knock-in levels will be set at pricing.

The notes are still expected to price Jan. 18.

Credit Suisse Securities (USA) LLC is the underwriter.

The Cusip number is 22546TS69.

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