Credit Suisse to price accelerated barrier notes tied to Dow, Russell

By Devika Patel

Knoxville, Tenn., July 3 – Credit Suisse AG, London branch, plans to price 0% accelerated barrier notes due Aug. 3, 2022 linked to the Dow Jones Industrial Average 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 165% to 175% of the gain, with the exact participation rate to be set at pricing.

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 from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550BBY8) are expected to price July 31 and settle Aug. 3.

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