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Credit Suisse plans absolute return barrier notes tied to MSCI EM ETF
New York, Oct. 5 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Oct. 28, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a form 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus the return of the fund.
If the ETF falls by up to the knock-in level, the payout will be par plus the absolute return of the fund. The knock-in level will be between 66% and 69% of the initial level and will be set at pricing.
Otherwise, investors will be fully exposed to any losses of the ETF.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on Oct. 23 and settle on Oct. 28.
The Cusip number is 22546VNN2.
The estimated initial value is expected to be between $950.00 and $980.00 per $1,000 principal amount.
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