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

By Marisa Wong

Morgantown, W.Va., May 31 – Credit Suisse AG, London Branch plans to price digital barrier notes due July 7, 2017 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index never closes at or below its 65% knock-in level, the payout at maturity will be par plus a fixed return of 7.65%. The exact fixed payment percentage will be set at pricing.

Otherwise, the payout will be par plus the lesser of zero and the return of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 2 and settle on June 7.

The Cusip number is 22548QAE5.

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