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Credit Suisse plans digital plus barrier notes due 2017 on S&P 500
By Susanna Moon
Chicago, Jan. 28 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due Feb. 13, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment between 9% and 11%. The exact fixed payment will be set at pricing.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes at or below the 80% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will settle on Feb. 5.
The Cusip number is 22546VV86.
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