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Credit Suisse plans digital plus barrier notes on S&P 500, Russell 2000
By Tali Rackner
Norfolk, Va., Sept. 9 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Oct. 5, 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 the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage, which is expected to be 50% to 55% and will be set at pricing.
If either index falls but finishes above the knock-in level, 50% of its initial index level, the payout will be par.
If either index falls by more than the knock-in level, investors will be fully exposed to the lesser performing index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 22548QG41.
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