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Credit Suisse plans capped Leveraged Index Return Notes linked to S&P
By Angela McDaniels
Tacoma, Wash., Oct. 31 – Credit Suisse AG, London Branch plans to price 0% capped Leveraged Index Return Notes due January 2018 linked to the Euro Stoxx 50 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 of $10 plus 200% of the index return, subject to a maximum return that is expected to be 8% to 12% and will be set at pricing. Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it may decline beyond 5%.
BofA Merrill Lynch is the underwriter.
The notes will price and settle in November.
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