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Credit Suisse to price digital barrier notes linked to Stoxx, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 5 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Feb. 23, 2018 linked to the lowest performing of 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 finishes at or below its knock-in level, 60% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 8.2% and will be set at pricing.
If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 18 and settle on Jan. 23.
The Cusip number is 22548QRX5.
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