Credit Suisse to price digital barrier notes due 2024 tied to Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 7 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Sept. 3, 2024 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 the fixed payment of $2,150 to $2,200 per $1,000 of notes. The exact fixed payment will be set at pricing.

If the index declines but finishes at or above its 60% knock-in level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Aug. 24 and settle on Aug. 31.

The Cusip number is 22551L2G4.

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