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Credit Suisse plans digital-plus barrier notes linked to S&P, Russell
By Marisa Wong
Madison, Wis., April 2 – Credit Suisse AG plans to price 0% digital-plus barrier notes due May 3, 2017 linked to 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 at or above its initial level, the payout at maturity will be par plus the greater of the gain and a fixed payment percentage of 14% to 16%. The exact fixed payment will be set at pricing.
If either index falls but finishes above the 75% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 30 and settle on May 5.
The Cusip number is 22546VAG1.
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