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Credit Suisse plans market-linked step-up notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., June 4 – Credit Suisse AG plans to price 0% market-linked step-up notes due June 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the step-up value, 113% to 119% of the initial level, the payout at maturity will be par plus the index return. If the index finishes at or above the initial level and at or below the step-up value, the payout will be par plus the step-up payment of 13% to 19%. Investors will be exposed to any index decline.
The exact terms will be set at pricing.
The notes are expected to price in June and settle in July.
BofA Merrill Lynch is the agent.
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