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Credit Suisse plans digital barrier notes tied to Stoxx, MSCI EM fund
By Susanna Moon
Chicago, June 22 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Jan. 4, 2019 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes above its 75% knock-in level, the payout at maturity will be par plus the fixed payment of 10.5% to 11.5%. The exact digital return will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on June 23 and settle on June 30.
The Cusip number is 22550B7C1.
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