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Credit Suisse to price absolute return barrier notes tied to Stoxx 50
By Sarah Lizee
Olympia, Wash., May 14 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Dec. 2, 2021 to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 20.25%.
If the index falls by up to its 70% knock-in level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% index decline.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 29.
The Cusip number is 22552FFE7.
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