Credit Suisse to price ARES due 2017 linked to Euro Stoxx 50 index

By Jennifer Chiou

New York, Oct. 8 – Credit Suisse AG plans to price 0% Accelerated Return Equity Securities due Nov. 1, 2017 linked 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 500% of any index gain, capped at 54% to 60%. Investors will be exposed to any index decline.

The notes (Cusip: 22547QUN4) are expected to price on Oct. 27 and settle on Oct. 30.

Credit Suisse Securities (USA) LLC is the underwriter.

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