Credit Suisse plans three-year Bares linked to gold, silver trusts

By Susanna Moon

Chicago, Aug. 2 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 5, 2019 linked to the SPDR Gold trust and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.

If each fund finishes above the initial level, the payout at maturity will be par plus 150% of the return of the worse performing fund up to an underlying return cap of 75% to 85%.

Investors will receive par if either fund falls but by no more than 15% and will lose 1% for each 1% decline of the worse performing fund beyond 15%.

The exact deal terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip number is 22548QDH5.

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