Credit Suisse to price three-year 0% Bares linked to Russell 2000

By Toni Weeks

San Diego, Oct. 3 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 2, 2015 linked to the Russell 2000 index, according to a 424B2 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 a fixed payment percentage, which is expected to be 23% to 25% and will be set at pricing.

Investors will receive par for losses up to 20% and will share in any losses beyond the 20% buffer.

The notes (Cusip: 22546TB67) are expected to price Oct. 29 and settle Oct. 31.

Credit Suisse Securities (USA) LLC is the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.