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Credit Suisse plans one-year ARES linked to S&P 500, Russell 2000
By Toni Weeks
San Diego, Oct. 12 - Credit Suisse AG, Nassau Branch plans to price 0% Accelerated Return Equity Securities due Oct. 31, 2012 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will depend on the return of the worst-performing index.
If the final level of the worst-performing index is greater than or equal to its initial level, the payout will be par plus the expected fixed payment percentage of 24%. The exact fixed payment will be set at pricing.
If the final level of the worst-performing index is less than its initial level, investors will share fully in those losses.
The securities (Cusip: 22546TFX4) are expected to price Oct. 26 and settle Oct. 28.
Credit Suisse Securities (USA) LLC will be the agent.
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