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Credit Suisse plans Accelerated Return Notes linked to Energy Select
By Toni Weeks
San Diego, Oct. 25 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Notes due January 2014 linked to the Energy Select Sector index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 12% to 16%. The exact cap will be set at pricing.
Investors will be fully exposed to losses if the index declines.
The final index level will be the average of the closing index level on five calculation days shortly before the maturity date.
The notes are expected to price in November and settle in December.
Bank of America Merrill Lynch is the underwriter.
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