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Credit Suisse plans leveraged buffered basket-linked notes on indexes
By Jennifer Chiou
New York, March 19 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 15 and 18 months after pricing.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.3 times any basket gain, capped at between $1,163.80 and $1,189.80 for each $1,000 face amount.
Investors will receive par if the basket falls by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.
The notes (Cusip: 22546V7E0) will price on March 20.
Credit Suisse Securities (USA) LLC is the underwriter.
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