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Credit Suisse plans digital barrier notes linked to S&P 500, Russell
By Susanna Moon
Chicago, Jan. 14 - Credit Suisse AG, Nassau Branch plans to price 0% digital barrier notes due July 24, 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 7% to 8%.
Otherwise, investors will be fully exposed to losses of the lower-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 18 and settle on Jan. 24.
The Cusip number is 22546TU25.
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