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Credit Suisse plans to price Bares due 2017 linked to Russell 2000
By Jennifer Chiou
New York, Jan. 8 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due July 31, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 21% to 24% and will be set at pricing.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
The notes (Cusip: 22547QFM3) are expected to price on Jan. 29 and settle on Jan. 31.
Credit Suisse Securities (USA) LLC is the underwriter.
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