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Credit Suisse plans digital plus barrier notes linked to Dow, Russell
By Angela McDaniels
Tacoma, Wash., June 2 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due June 13, 2022 linked to the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either index finishes at or below its knock-in level, 55% of its initial level.
If a knock-in event does not occur, 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 26.25% and will be set at pricing.
If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price June 8.
The Cusip number is 22550BA45.
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