Credit Suisse plans digital buffer notes due 2020 tied to Russell 2000

By Susanna Moon

Chicago, June 9 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due Jan. 2, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or falls by up to 20%, the payout at maturity will be par plus the fixed return of between 17.5% and 20.5%. The exact digital return will be set at pricing.

Otherwise, investors will be exposed to any losses beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 28 and settle on June 30.

The Cusip number is 22548QA96.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.