Credit Suisse plans digital barrier notes linked to EM ETF, Euro Stoxx

By Sarah Lizee

Olympia, Wash., Jan. 4 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due July 24, 2020 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.

A knock-in event will occur if either underlier finishes below its knock-in level, 75% 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 15.5% to 16.5% and will be set at pricing. If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing underlier.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Jan. 18.

The Cusip number is 22551LSR2.

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