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Credit Suisse plans 14-month Accelerated Return Notes tied to basket
By Susanna Moon
Chicago, Aug. 25 – Credit Suisse AG, London branch plans to price Accelerated Return Notes due October 2018 linked to the basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index and the Nikkei Stock Average index with an initial weight of 20% each, the Swiss Market index and the S&P/ASX 200 with an initial weight of 7.5% each and the Hang Seng index with an initial weight of 5%.
The payout at maturity will be par plus triple any basket gain, up to a capped return of 14.5% to 18.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in August and settle in September.
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