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Credit Suisse plans digital buffered notes due 2019 tied to Russell
By Wendy Van Sickle
Columbus, Ohio, May 4 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due Nov. 29, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level or falls by up to 20%, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 17.5% to 20.5% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22548Q5F8) are expected to price May 26 and settle May 31.
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