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Credit Suisse plans digital plus barrier notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 2 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due March 4, 2020 linked to the Euro Stoxx 50 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 of 47.5% to 52.5%. The exact amount will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes at or below the 60% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 19 and settle on Feb. 26.
The Cusip number is 22546VW93.
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