Credit Suisse plans digital barrier notes tied to S&P 500, Russell 2000

By Susanna Moon

Chicago, June 20 – Credit Suisse AG plans to price 0% digital barrier notes due July 3, 2019 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 below the 60% knock-in level.

If a knock-in event does not occur, the payout at maturity will be par plus a fixed percentage of 28% to 32%.

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

The exact deal terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 30 and settle on July 3.

The Cusip number is 22547QPK6.

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