Credit Suisse plans Accelerated Return Notes on S&P 500 index

By Jennifer Chiou

New York, Dec. 23 – Credit Suisse AG plans to price 0% Accelerated Return Notes due Sept. 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 118% of any index gain.

Investors will receive par for losses up to 25% and will be fully exposed to losses beyond 25%.

The notes (Cusip: 22547QXP6) will price on Dec. 24 and settle on Dec. 30.

Barclays is the placement agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.