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Credit Suisse plans buffered accelerated return equity notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., May 18 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due Dec. 2, 2022 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level, the payout at maturity will be par plus 2.5 times the return of the lesser-performing index, capped at par plus 25%.
Investors will receive par if either index falls by 10% or less and will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 29.
The Cusip number is 22552W4R3.
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