Credit Suisse plans digital buffer notes due 2020 tied to Russell 2000

By Susanna Moon

Chicago, May 15 – Credit Suisse AG, London Branch plans to price 0% digital buffered notes due Dec. 1, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% threshold, the payout at maturity will be par plus the greater of par and a fixed return of 17% to 20%. The exact digital return will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on May 25 and settle on May 31.

The Cusip number is 22550B3H4.

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