Credit Suisse plans digital barrier notes linked to S&P 500, Russell

By Susanna Moon

Chicago, May 15 – Credit Suisse AG, London branch plans to price 0% digital barrier notes due May 23, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index never closes below its 77.75% knock-in level during the life of the notes, the payout at maturity will be par plus the fixed return of 32.25%.

Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 18 and settle on May 23.

The Cusip number is 22550WTF4.

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