Credit Suisse plans accelerated barrier notes linked to MSCI EM index

By Angela McDaniels

Tacoma, Wash., March 24 – Credit Suisse AG plans to price 0% accelerated barrier notes due April 26, 2021 linked to the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.

If the index’s final level is greater than or equal to the initial index level, the payout at maturity will be par plus 120% to 125% of the index return. The exact upside participation rate will be set at pricing.

If the index finishes below the initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if the index finishes at or below its knock-in level, 70% of its initial level.

If the index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the index’s decline.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price April 17 and settle April 24.

The Cusip number is 22546VA30.

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