Credit Suisse plans accelerated barrier notes linked to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., May 27 – Credit Suisse AG plans to price 0% accelerated barrier notes due July 3, 2019 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 its initial level, the payout at maturity will be par plus 135% of the index return.

If the index finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if the index finishes at or below its knock-in level, 70% to 75% of its initial level.

If the index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the index decline from its initial level.

The exact terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price June 30 and settle July 3.

The Cusip number is 22546VEL6.

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