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Credit Suisse plans six-year digital plus barrier notes on Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Credit Suisse AG, London branch plans to price 0% digital plus barrier notes due Jan. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed 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 between 50% and 55%. The exact fixed payment will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes at or below the 60% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 22 and settle on Jan. 28.
The Cusip number is 22546VTJ5.
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