Credit Suisse amends maturity, pricing for notes on Russell, Hang Seng

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Credit Suisse AG, London Branch amended the maturity and pricing dates for its planned callable daily range accrual securities linked to the lesser performing of the Hang Seng index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will mature on April 11, 2025, instead of March 31, 2025 as previously disclosed.

The pricing date has been pushed back to Oct. 6 from Sept. 26.

The interest rate is expected to be 5.8% per year multiplied by the proportion of days on which each index closes at or above its accrual barrier, which is expected to be 75% of the initial level. Interest will be payable monthly.

The payout at maturity will be par unless either index falls by more than 25%, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 25%.

After one year, the notes will be callable at par quarterly.

Credit Suisse Securities (USA) LLC is the agent.

The Cusip number is 22550BJV6.

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