Credit Suisse will price digital plus barrier notes on S&P, Russell

By Devika Patel

Knoxville, Tenn., Oct. 26 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Dec. 3, 2020 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 the lesser-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and the fixed payment percentage, which is expected to be 45% to 50% and will be set at pricing.

If the final level of the lesser-performing index is less than its initial level but greater than its knock-in level, 70% of its initial level, the payout will be par.

If the final level of the lesser-performing index is less than or equal to its knock-in level, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QM93) will price on Nov. 30 and settle on Dec. 5.

© 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.