Credit Suisse plans accelerated return notes on S&P 500 via Barclays

By Susanna Moon

Chicago, Sept. 12 – Credit Suisse AG plans to price 0% accelerated return securities due March 22, 2018 linked to a basket of equally weighted indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the MSCI Taiwan index, the Hang Seng China Enterprises index and the iShares MSCI Emerging Markets exchange-traded fund.

The payout at maturity will be par plus at least 122% of any basket gain, with the exact upside participation rate to be set at pricing.

If the basket finishes at or above the 75% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Barclays is the placement agent.

The notes will price on Sept. 17 and settle on Sept. 22.

The Cusip number is 22547QTK2.

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