Credit Suisse plans digital barrier notes tied to three common stocks

By Devika Patel

Knoxville, Tenn., Oct. 15 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Oct. 23, 2019 linked to worst performing of the common stocks of DocuSign, Inc., Netflix, Inc. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if any stock finishes below its knock-in level, 60% of the initial level, which was set on Oct. 12, the strike date.

Upon maturity, investors will receive par plus the 29% fixed payment unless a knock-in event occurs, in which case investors will lose 1% for each 1% loss of the worse performing stock.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22551LFX3) will price on Oct. 16 and settle on Oct. 18.

© 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.