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Credit Suisse plans digital-plus barrier notes tied to S&P 500
By Toni Weeks
San Diego, June 27 - Credit Suisse AG, Nassau Branch plans to price 0% digital-plus barrier notes due July 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be the greater of the index return and a fixed payment percentage of 28% to 32% that will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to declines from the initial level if the index falls by 30% or more.
The notes (Cusip: 22546TBK6) are expected to price July 22 and settle July 29.
Credit Suisse Securities (USA) LLC is the agent.
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