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

By Devika Patel

Knoxville, Tenn., Dec. 15 – Credit Suisse AG, London branch, plans to price 0% accelerated barrier notes due Dec. 27, 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 either index finishes at or above its initial level, the payout at maturity will be par plus 175% of the gain.

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

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QQT5) are expected to price Dec. 22 and settle Dec. 28.

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