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Credit Suisse plans digital-plus barrier notes linked to S&P, Russell
By Jennifer Chiou
New York, July 31 – Credit Suisse AG plans to price 0% digital-plus barrier notes due Sept. 4, 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 30% to 35%. The exact fixed payment will be set at pricing.
If either index falls but finishes 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.
The notes (Cusip: 22547QRF5) are expected to price on Aug. 29 and settle on Sept. 4.
Credit Suisse Securities (USA) LLC is the agent.
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