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Credit Suisse plans buffered accelerated return notes tied to Stoxx
By Tali Rackner
Minneapolis, Aug. 4 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due Feb. 12, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to underlying return cap of 18% to 19%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 7 and settle on Aug. 10.
The Cusip number is 22550BDN0.
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