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Credit Suisse plans absolute return barrier notes due 2019 tied to S&P
By Susanna Moon
Chicago, May 31 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due June 24, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 150% of the return, up to an underlying return cap of 30% to 35%.
If the index finishes above the 80% knock-in level, the payout will be par plus the absolute return.
Otherwise, investors will be fully exposed to any losses if the index finishes below the 80% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 17 and settle on June 24.
The Cusip number is 22548QAD7.
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