Credit Suisse moves up dates for cert plus notes tied to S&P, Russell

By Marisa Wong

Madison, Wis., Dec. 2 - Credit Suisse AG amended the maturity, pricing and settlement dates for its planned 0% cert plus securities linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities are now due Dec. 26, 2017 and are expected to price on Dec. 20 and settle on Dec. 26.

A previous 424B2 filing stated that the securities are due Jan. 2, 2018 and are slated to price and settle on Dec. 27 and Jan. 2, respectively.

The Cusip number is 22547QDY9.

The payout at maturity will be par plus the underlying return of the worst-performing index.

If an index's final level is greater than or equal to its initial level, its underlying return will be 123% to 128% of its return. The exact upside participation rate will be set at pricing.

If an index's final level is less than its initial level and a knock-in event has occurred, its underlying return will be equal to its return. A knock-in event occurs if either index finishes at or below its knock-in level, 60% of its initial level.

If an index's final level is less than its initial level and a knock-in event has not occurred, its underlying return will be zero.

Credit Suisse Securities (USA) LLC is the agent.

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