Credit Suisse plans Accelerated Return Securities tied to index basket

By Jennifer Chiou

New York, March 4 - Credit Suisse AG plans to price 0% Accelerated Return Securities due Sept. 29, 2017 linked to equal weights of the Hang Seng China Enterprises index, MSCI Taiwan index, Hang Seng index and Korea Stock Price index 200, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is zero or positive, the payout at maturity will be par plus at least 130% of the return. The exact participation rate will be set at pricing.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to losses from the initial level if the basket drops below the 75% trigger level.

The notes (Cusip: 22547QK47) are expected to price on March 26 and settle on March 31.

Barclays is the placement agent.

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