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Credit Suisse plans to price knock-out notes linked to Euro Stoxx 50
By Toni Weeks
San Diego, Dec. 11 - Credit Suisse AG, Nassau Branch plans to price 0% knock-out notes due June 18, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the index falls by more than the knock-out buffer - expected to be 20% - from the initial level on the June 13, 2014 final valuation date.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and the contingent minimum return, which is expected to be 9.5%.
If a knock-out event occurs, investors will share in those losses.
The exact terms will be set at pricing.
The notes (Cusip: 22546TP62) will price Dec. 14 and settle Dec. 19.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as agents.
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