Credit Suisse plans digital-plus barrier notes on S&P 500, Russell

By Toni Weeks

San Luis Obispo, Calif., May 31 - Credit Suisse AG, Nassau Branch plans to price 0% digital-plus barrier notes due June 28, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lowest-performing index on the June 23, 2017 valuation date is greater than or equal to its initial index level, the payout at maturity will be par plus the greater of the fixed payment percentage and the return of the lowest-performing index. The fixed payment percentage is expected to be 30% to 35% and will be set at pricing.

If the lowest-performing index falls by up to 30%, the payout at maturity will be par. If either index falls by 30% or more, investors will be fully exposed to the decline in the lowest-performing index from the initial index level.

The notes (Cusip: 22547Q3L8) are expected to price June 25 and settle June 28.

Credit Suisse Securities (USA) LLC is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.