Credit Suisse plans digital barrier notes tied to Euro Stoxx, Russell

By Marisa Wong

Morgantown, W.Va., April 8 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due May 17, 2017 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either index closes at or below its knock-in level, 65% of the initial level, on any day during the life of the notes.

If a knock-in event does not occur, the payout at maturity will be par plus a fixed return of 9.5%.

Otherwise, the payout will be par plus the return of the lower performing index, with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 12 and settle on April 15.

The Cusip number is 22548Q3C7.

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