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Credit Suisse to price return enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 28 - Credit Suisse AG plans to price 0% return enhanced notes due Feb. 19, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum return that is expected to be 14.6%. If the index return is negative, investors will have 1-to-1 exposure to the decline.
The final index level will be the average of the index's closing levels on the five trading days ending Feb. 13, 2015.
J.P. Morgan Securities LLC is the agent.
The notes will price Jan. 31 and settle Feb. 7.
The Cusip number is 22547QGR1.
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