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Credit Suisse plans two-year leveraged return notes on index basket
By Susanna Moon
Chicago, June 25 – Credit Suisse AG, London branch plans to price 0% Leveraged Index Return Notes due June 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
The payout at maturity will be par of $10 plus 210% to 230% of any basket gain, with the exact participation rate to be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in June and settle in July.
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