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Credit Suisse plans digital plus barrier notes tied to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Aug. 21 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Aug. 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing 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 gain and a fixed return of 65% to 70%. The exact return will be set at pricing.
Investors will receive par if the index falls by up to about 40% and will be exposed to losses if the index falls by more than 40%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22550BF81) will price on Aug. 29 and settle on Aug. 31.
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