Credit Suisse to price buffered capped participation notes on the Dow

By Toni Weeks

San Luis Obispo, Calif., Dec. 4 – Credit Suisse AG plans to price 0% buffered capped participation notes due December 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

BofA Merrill Lynch is the agent.

The payout at maturity will be par plus any index gain, subject to a maximum return of 22% to 32% that will be set at pricing.

Investors will receive par if the index falls by up to 23% and will lose 1% for every 1% decline beyond the 23% buffer level.

The final index level will be the average of the closing index levels on the five trading days shortly before maturity.

The notes will price and settle in December.

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