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Credit Suisse plans Accelerated Return Notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Sept. 3 - Credit Suisse AG plans to price 42-month 0% Accelerated Return Notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus at least 140% of the index return. The exact upside participation rate will be set at pricing.
If the final index level is less than the initial level and a knock-in event occurs, investors will be fully exposed to the index's decline. A knock-in event occurs if the final level is less than the knock-in level, which is expected to be no greater than 75% of the initial level.
If the final index level is less than the initial level and a knock-in event does not occur, the payout will be par.
Barclays is the placement agent.
The notes are expected to price in September.
The Cusip number is 22547QAX4.
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