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Credit Suisse plans four-year Bares linked to S&P 500, Russell 2000
By Marisa Wong
Madison, Wis., Feb. 13 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due March 6, 2017 linked to the performance of 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 be par plus the underlying return of the lower-performing index.
If the final level of an index is greater than or equal to its initial level, the underlying return will equal a fixed payment percentage of 28% to 32% that will be set at pricing. If the final level is less than the initial level by not more than 20%, the underlying return will equal zero. Otherwise, the underlying return will equal the index return plus the 20% buffer amount.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Feb. 28 and settle on March 5.
The Cusip number is 22546TZ79.
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