Credit Suisse plans digital barrier notes linked to biotech ETF, S&P

By Angela McDaniels

Tacoma, Wash., Dec. 16 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Jan. 25, 2018 linked to the S&P 500 index and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if either underlier finishes at or below its knock-in level, 60% 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 10.5% 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 Dec. 22.

The Cusip number is 22548QQV0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.