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Credit Suisse plans digital barrier notes on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Credit Suisse AG, London branch plans to price 0% digital barrier notes due July 31, 2017 linked to worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
A knock-in event will occur if either underlying index finishes at or below its knock-in level, 75% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment of 10% to 11%. The exact digital return will be set at pricing.
If a knock-in event occurs, investors will be fully exposed to the loss of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 22 and settle on Jan. 29.
The Cusip number is 22546VTF3.
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