Credit Suisse plans digital barrier notes due 2017 on S&P 500, Russell

By Susanna Moon

Chicago, May 10 – Credit Suisse AG, London Branch plans to price digital barrier notes due Nov. 28, 2017 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its 75% knock-in level, the payout at maturity will be par plus a fixed return of 9% to 10%. The exact digital return will be set at pricing.

Otherwise, the payout will be par plus the return of the worse performing index, with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 20 and settle on May 27.

The Cusip number is 22548Q5N1.

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