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Credit Suisse to sell leveraged buffered notes linked to index basket
By Marisa Wong
Morgantown, W.Va., March 3 – Credit Suisse AG, London Branch plans to price 0% 24- to 27-month leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is made up 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.
If the basket return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum payout of $1,297 to $1,348 per $1,000 of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for every 1% that the basket declines beyond 10%.
The exact terms will be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on March 4.
The Cusip number is 22546VXG6.
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