Credit Suisse to price Accelerated Return Notes tied to S&P 500

By Jennifer Chiou

New York, Aug. 29 – Credit Suisse AG plans to price 0% Accelerated Return Notes due Sept. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout at maturity will be par plus at least 125% of the index return.

Investors will receive par for losses up to 25% and will be fully exposed to the decline if the index falls beyond the 75% barrier level.

The notes (Cusip: 22547QT30) will price on Sept. 25 and settle on Sept. 30.

Barclays is the placement agent.

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