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Credit Suisse plans Bares linked to Euro Stoxx 50, iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., July 24 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 11, 2016 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the lowest performing underlier’s final level is greater than or equal to its initial level, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 17% to 19% and will be set at pricing. If the lowest performing underlier’s final level is less than its initial level by not more than 10%, the payout will be par. If the lowest performing underlier declines by more than 10%, investors will lose 1% for every 1% that it declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Aug. 8 and settle Aug. 13.
The Cusip number is 22547QQX7.
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