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Credit Suisse plans digital barrier notes due 2022 tied to index, ETF
By Sarah Lizee
Olympia, Wash., Nov. 2 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Nov. 15, 2022 linked to the lesser performing of the iShares U.S. Utilities ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 35.25%.
Otherwise, investors will be fully exposed to any losses of the worse performing asset.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 7.
The Cusip number is 22551LK90.
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