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Credit Suisse plans to price Bares linked to index basket
By Toni Weeks
San Luis Obispo, Calif., April 13 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due April 18, 2019 linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 37.5% weight, the Euro Stoxx 50 index with a 37.5% weight and the Nikkei 225 index with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum return that is expected to be 51% and will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond the 15% buffer.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price April 14 and settle April 17.
The Cusip number is 22546VBU9.
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