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Credit Suisse plans to price 0% Bares linked to Russell 2000
By Toni Weeks
San Diego, Sept. 2 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 30, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus double the index return, subject to a cap of 28% to 32%. The exact cap will be set at pricing.
Investors will receive par for losses up to 10% and will lose 1% for each 1% beyond 10%.
The notes (Cusip: 2254TEG26) are expected to price Sept. 23 and settle Sept. 30.
Credit Suisse Securities (USA) LLC is the underwriter.
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