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Credit Suisse to price digital barrier notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Dec. 20 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due March 31, 2021 linked to least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if any index closes below its knock-in level, 70% of its initial level, during the life of the notes.
If a knock-in event has not occurred, the payout at maturity will be par plus the fixed payment percentage, which is expected to be at least 9.75% and will be set at pricing.
If a knock-in event has occurred, the payout will be par plus the return of the least-performing index, subject to a maximum payout of par.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Dec. 26.
The Cusip number is 22551NCY0.
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