Credit Suisse plans one-year ARES with leverage, cap linked to basket

By Susanna Moon

Chicago, Jan. 23 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Jan. 30, 2018 tied to a basket of four equally weighted funds, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the Energy Select Sector SPDR Fund, the Financial Select Sector SPDR fund, the Industrial Select Sector SPDR fund and the Materials Select Sector SPDR fund.

The payout at maturity will be par plus 150% of any basket gain, up to a return cap of between 14.75% and 17.75%.

Investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on Jan. 25.

The Cusip number is 22548QT96.

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