Credit Suisse to price one-year digital plus barrier notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – Credit Suisse plans to price 0% digital plus barrier notes due Feb. 9, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and the fixed payment percentage, which is expected to be 9% to 11% and will be set at pricing.

If the final index level is less than the initial index level but greater than the knock-in level, 80% of the initial index level, the payout will be par.

If the final index level is less than or equal to the knock-in level, investors will be fully exposed to the index’s decline from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Jan. 26 and settle on Feb. 2.

The Cusip number is 22546VV86.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.