| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Credit Suisse plans absolute return digital barrier notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – Credit Suisse AG, London Branch plans to price absolute return digital barrier securities due Sept. 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 the initial level, the payout at maturity will be par plus the fixed payment of 50% to 55%. The exact digital return will be set at pricing.
If either index falls but each index finishes above its 60% knock-in level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, 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 Aug. 26 and settle on Aug. 31.
The Cusip number is 22548QDB8.
© 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.