Credit Suisse to price accelerated barrier notes on oil, energy funds

By Toni Weeks

San Luis Obispo, Calif., Feb. 5 – Credit Suisse AG plans to price 0% accelerated barrier notes due Feb. 9, 2018 linked to the United States Oil Fund, LP and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lowest-performing component is greater than or equal to its initial level, the payout at maturity will be par plus 150% of that fund’s return. If the final level of the lowest-performing component is less than the initial level but greater than the knock-in level, the payout will be par. Investors will be fully exposed to losses from the initial level if the final level of the lowest-performing fund is less than or equal to the knock-in level.

The knock-in level is expected to be 60% of the initial level. The exact knock-in level and upside participation rate will be set at pricing.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price Feb. 6 and settle Feb. 10.

The Cusip number is 22546V4V5.

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