Credit Suisse plans capped leveraged notes linked to index basket

By Marisa Wong

Morgantown, W.Va., Feb. 13 – Credit Suisse AG, London Branch plans to price 0% leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes is expected to be 23 to 26 months and will be set at pricing.

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

If the basket return is positive, the payout at maturity will be par plus 3 times the basket return, subject to a maximum settlement amount of $1,376.80 to $1,443.10 for each $1,000 principal amount of notes. Investors will be fully exposed to any basket decline.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22548QV77.

© 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.