Credit Suisse plans accelerated barrier notes tied to Russell, S&P 500

By Susanna Moon

Chicago, June 1 – Credit Suisse AG, London Branch plans to price accelerated barrier notes due July 6, 2021 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 at or above the initial level, the payout at maturity will be par plus 155% to 160% of the gain of the worse performing index. The exact participation rate will be set at pricing.

If each index finishes at or above the 50% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 30 and settle on July 6.

The Cusip number is 22548Q7K5.

© 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.