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Credit Suisse plans accelerated return notes linked to Asian indexes
By Angela McDaniels
Tacoma, Wash., April 2 - Credit Suisse AG, Nassau Branch plans to price 42-month 0% accelerated return securities linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the Hang Seng China Enterprises index, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.
If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 150% to 160% of the initial basket level. The exact upside participation rate will be set at pricing. Investors will receive par if the basket declines by 25% or less and will be fully exposed to the basket's decline from its initial level if it declines by more than 25%.
Barclays is the agent.
The notes will price in April.
The Cusip number is 22546T5B3.
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