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Credit Suisse plans digital plus barrier notes due 2021 on S&P 500
By Susanna Moon
Chicago, April 29 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due May 28, 2021 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 return of 35% to 40%. The exact digital return will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes at or below the 70% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 22548Q5B7.
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