Credit Suisse plans digital barrier notes on gold, oil, retail funds

By Susanna Moon

Chicago, Jan. 23 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due March 5, 2019 linked to the least performing of the VanEck Vectors Gold Miners exchange-traded fund, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Retail ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes at or above its 70% knock-in level, the payout at maturity will be par plus the fixed return of 15.1%.

Otherwise, investors will receive par plus the return of the worst performing fund with full exposure to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 5.

The Cusip number is 22550WA31.

© 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.