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Credit Suisse plans digital plus barrier notes due 2017 on S&P 500
By Susanna Moon
Chicago, March 1 - Credit Suisse AG, Nassau Branch plans to price 0% digital plus barrier notes due March 28, 2017 linked to the S&P 500 index, according to a 424B2 filing 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 17% to 22%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index falls below the 70% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 25 and settle on March 28.
The Cusip number is 22546T2T7.
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