Credit Suisse to price digital barrier notes linked to oil, gold ETFs

By Sarah Lizee

Olympia, Wash., Aug. 20 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due March 2, 2020 linked to the lowest performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus a fixed payment of 14.55% unless either underlying finishes below its knock in level, 70% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing underlying from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 24 and settle on Aug. 31.

The Cusip number is 22551L5B2.

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