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Credit Suisse plans digital barrier notes tied to Russell, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., May 28 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due July 9, 2020 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either index finishes below its knock-in level, 65% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 6% 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.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price June 5.
The Cusip number is 22552FG89.
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