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Credit Suisse eyes CS notes on Credit Suisse US Balanced 5% ER index
Chicago, Jan. 2 – Credit Suisse AG, London Branch plans to price 0% CS notes due Feb. 2, 2026 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an expected 7.5% annual premium if the value of the index closes at or above the applicable trigger level on the relevant annual observation date. Beginning on Jan. 28, 2020 the trigger level starts at 101.75% of the initial level and steps up 175 basis points each year reaching 110.5% on the Jan. 28, 2025 observation date.
If the index finishes above its initial level and the notes have not been automatically redeemed, the payout at maturity will be par plus the return of the index, otherwise investors will receive par.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price Jan. 28 and settle on Jan. 31.
The Cusip is 22551LRE2.
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