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Credit Suisse plans Accelerated Return Notes linked to defense stocks
By Angela McDaniels
Tacoma, Wash., Aug. 15 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Notes due October 2020 linked to a basket of defense sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is comprised of the common stock of Boeing Co. with a weight of 33.34%, the common stock of Lockheed Martin Corp. with a 33.33% weight and the common stock of Raytheon Co. with a 33.33% weight.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return that is expected to be 15% to 19% and will be set at pricing. Investors will be exposed to any basket decline.
BofA Securities, Inc. is the underwriter.
The notes will price in August and settle in September.
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