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Credit Suisse plans leveraged buffered notes linked to MSCI EAFE
By Toni Weeks
San Luis Obispo, Calif., Aug. 1 - Credit Suisse AG, London Branch plans to price 0% leveraged buffered index-linked notes tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 15 and 17 months after pricing.
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return, subject to a maximum payment of $1,140 to $1,168 per $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond the 10% buffer.
The notes (Cusip: 22547Q6R2) are expected to price in August.
Credit Suisse Securities (USA) LLC is the agent.
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