Credit Suisse to price digital barrier notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Aug. 27 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Oct. 5, 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 each index closes at or above its 75% knock-in level on any trading during the life of the notes, the payout at maturity will be par plus the fixed return of 9%.

Otherwise, investors will receive par plus the return of the lesser-performing index with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 30.

The Cusip number is 22552FQD7.

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