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Credit Suisse plans digital barrier notes on S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., March 21 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Oct. 1, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either index finishes at or below its knock-in level, 75% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par plus the 9% to 10% fixed payment. The exact fixed payment will be set at pricing.
If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price March 24.
The Cusip number is 22548QWT8.
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