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Credit Suisse will price digital buffered notes tied to S&P, Russell
By Devika Patel
Knoxville, Tenn., July 24 – Credit Suisse AG, London Branch, plans to price 0% digital buffered notes due Oct. 30, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the final index level of the worst performing index is greater than or equal to its buffer level of 85%, the payout at maturity will be par plus the fixed payment percentage of 6%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22550BDQ3) are expected to price July 25 and settle July 31.
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