Credit Suisse to sell leveraged buffered notes linked to index basket

By Devika Patel

Knoxville, Tenn., Feb. 10 – Credit Suisse AG, London branch plans to price 0% leveraged buffered notes linked to a basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is made up of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index, also with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The tenor of the notes is expected to be 21 to 24 months.

If the basket return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum payout of $1,213.00 to $1,250.50 per $1,000 of notes.

Investors will receive par if the basket falls by up to 15% and will lose 1.17647% for every 1% that the basket declines beyond 15%.

The exact maturity date and maximum settlement amount will be set at pricing.

Credit Suisse is the agent.

The notes (Cusip: 22546VTY2) are expected to price on Feb. 12 and settle five business days after pricing.

© 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.