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Credit Suisse plans digital plus barrier notes on S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 29 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Oct. 29, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus the greater of the return of the worse performing index and the fixed payment of 55% to 60%. The exact fixed payment percentage will be set at pricing.
If either index finishes below its initial level, the payout will be par unless either index finishes at or below its knock-in level, 70% of the initial level, in which case investors will share fully in the decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 22548QK20.
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