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Credit Suisse eyes accelerated barrier notes tied to S&P, Dow, Nasdaq
By Devika Patel
Knoxville, Tenn., April 13 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due April 22, 2025 linked to the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If all indexes finish at or above their initial levels, the payout at maturity will be par plus at least 167.5% of the gain, with the exact participation rate to be set at pricing.
If any index falls but the worst performing finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22551NYP5) are expected to price April 17 and settle April 21.
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