Credit Suisse plans digital plus barrier notes on S&P 500, Russell

By Marisa Wong

Madison, Wis., April 30 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due May 31, 2017 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the worse performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain of the worse performing index and a fixed payment of 30% to 35%.

Investors will receive par if the worse performing index falls by less than 30% and will be fully exposed to any losses if that index falls to or below the 70% knock-in level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 28 and settle on May 31.

The Cusip number is 22546T6C0.

© 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.