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

By Angela McDaniels

Tacoma, Wash., Aug. 8 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Aug. 30, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the fixed payment percentage and the return of the lesser-performing index. The fixed payment percentage is expected to be at least 36% and will be set at pricing.

If the lesser-performing index finishes below its initial level but at or above its knock-in level, 70% of its initial level, the payout will be par.

If the lesser-performing index finishes below its knock-in level, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Aug. 27.

The Cusip number is 22552FQE5.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.