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Credit Suisse plans digital plus barrier notes tied to S&P 500, Russell
By Susanna Moon
Chicago, May 8 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due May 30, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes its initial level, the payout at maturity will be par plus the greater of the return of the lesser performing index and the fixed return of 45% to 50%.
If either index falls by up to its 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 24.
The Cusip number is 22550WQM2.
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