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Credit Suisse plans digital plus barrier notes due 2016 on S&P 500
By Marisa Wong
Madison, Wis., Oct. 1 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due Oct. 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment of 25% to 30% that will be set at pricing.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline from the initial level if the index falls by 30% or more. The exact buffer will be set at pricing.
The notes (Cusip: 22546TA84) will price on Oct. 26 and settle on Oct. 31.
Credit Suisse Securities (USA) LLC will be the agent.
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