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Credit Suisse to price digital plus barrier notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 14 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Nov. 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage, which is expected to be 30% to 35% and will be set at pricing.
If the final index level is less than the initial index level but greater than the knock-in level, 70% of the initial index level, the payout will be par.
If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Nov. 10.
The Cusip number is 22548QL60.
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