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Credit Suisse plans digital plus barrier notes linked to S&P, Russell
By Susanna Moon
Chicago, July 11 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due Aug. 3, 2021 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 a fixed return of 55% to 60% and the index gain of the worse performing index. The exact digital return will be set at pricing.
If either index falls but by no more than 50%, the payout will be par.
If the index finishes at or below the 50% knock-in level, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 29 and settle on Aug. 3.
The Cusip number is 22548QC94.
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