Credit Suisse plans accelerated barrier notes linked to S&P, Russell

By Susanna Moon

Chicago, June 29 – Credit Suisse AG plans to price 0% accelerated barrier notes due Aug. 3, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 120% to 125% of the return of the worse performing index. The exact upside participation rate will be set at pricing.

If either index falls but each index finishes at or above its 75% knock-in level, the payout will be par.

If either index finishes below its 75% knock-in level, investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on July 31 and settle on Aug. 5.

The Cusip number is 22546VGG5.

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