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Credit Suisse plans to price Bares linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., May 18 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 28, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 125% of the index return, up to a cap of 15.25%. Investors will receive par if the index falls by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The exact terms will be set at pricing.
The notes are expected to price May 19 and settle May 26.
The Cusip number is 22546VDV5.
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