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Credit Suisse plans accelerated return notes tied to S&P 500, Russell
By Jennifer Chiou
New York, July 11 - Credit Suisse AG, Nassau Branch plans to price 0% accelerated return notes due July 31, 2017 linked to the least performing 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 at least 130% of any gain in the least performing index, with the exact participation rate to be set at pricing.
Investors will receive par if the least performing index falls by up to 50% and will be fully exposed to any losses of the least performing index if it finishes below the 50% knock-in level.
The notes (Cusip: 22547Q5Y8) are expected to price on July 25 and settle on July 30.
Credit Suisse Securities (USA) LLC is the agent.
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