Credit Suisse plans digital barrier notes tied to S&P and SPDR biotech

By Lisa Mayntz

Chicago, Feb. 10 – Credit Suisse AG, London Branch plans to price digital barrier notes due March 22, 2018 linked to the lowest performing of 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.

If both the index and fund finish above the 57.5% to 62.5% knock-in level, the payout at maturity will be par plus a fixed payment of 7.5%. The exact knock-in level and fixed payment will be set at pricing.

Otherwise, investors will be fully exposed to any losses of the worse performing of the index or fund.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 17 and settle on Feb. 23.

The Cusip number is 22548QV69.

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