Credit Suisse plans absolute return barrier notes tied to S&P, Russell

By Marisa Wong

Madison, Wis., Jan. 10 - Credit Suisse AG plans to price 0% absolute return barrier securities due Feb. 2, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its knock-in level, 58% to 62% of the initial index level, the payout at maturity will be par plus the absolute value of the return of the worse performing index.

If either index falls to or below its knock-in level, investors will be fully exposed to losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 30 and settle on Feb. 4.

The Cusip number is 22547QFX9.

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