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Credit Suisse plans high/low coupon buffered notes linked to Russell
By Susanna Moon
Chicago, May 31 - Credit Suisse AG, Nassau Branch plans to price high/low coupon buffered securities due June 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
A coupon barrier event occurs if the index falls below the coupon barrier level on any annual observation date. The coupon barrier level is expected to be about 100% of the initial index level.
If a coupon barrier event never occurs, interest for that will be 5.25% to 5.75% for that year. Otherwise if will be 1.5%.
If the index finishes at or above 80% of the initial level, the payout at maturity will be par.
Otherwise investors will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 26 and settle on June 28.
The Cusip number is 22547Q3N4.
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