Credit Suisse to price digital barrier notes on Russell, Euro Stoxx

By Devika Patel

Knoxville, Tenn., May 10 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due July 16, 2018 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlying index closes at or below its knock-in level on any trading day during life of the notes. The knock-in level is expected to be about 64.5% of the initial level and will be set at pricing.

If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment which is expected to be 7%. The exact fixed payment amount will be set at pricing.

If a knock-in event occurs, investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550B4B6) will price on May 12 and settle on May 16.

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