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Credit Suisse plans digital-plus barrier notes linked to S&P, Russell
By Toni Weeks
San Luis Obispo, Calif., July 1 – Credit Suisse AG plans to price 0% digital-plus barrier notes due July 31, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and a fixed payment percentage of 22.5% to 27.5%. The exact fixed payment will be set at pricing.
If either index falls but finishes at or above the 65% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 28 and settle on July 31.
The Cusip number is 22547QPV2.
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