Credit Suisse to sell Bares linked to basket of two indexes, one ETF

By Devika Patel

Knoxville, Tenn., Feb. 16 – Credit Suisse AG, London Branch, plans to price Buffered Accelerated Return Equity Securities due Feb. 23, 2022 linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with an 87.5% weight, the Euro Stoxx 50 index with a 7.5% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 5% weight.

If the basket return is positive, the payout at maturity will be par plus 120% of the basket return. Investors will receive par if the basket falls by up to the expected buffer amount of 20% and will lose 1% for every 1% decline if the basket level finishes below the buffer.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QVP7) will price on Feb. 17 and settle on Feb. 23.

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