Credit Suisse plans accelerated barrier notes on S&P 500, Russell 2000

By Marisa Wong

Madison, Wis., July 1 – Credit Suisse AG plans to price 0% accelerated barrier notes due Aug. 3, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index finishes at or above its initial level, the payout at maturity will be par plus 155% to 160% of the return of the least-performing index. The exact participation rate will be set at pricing.

If the least-performing index finishes below its initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if either index finishes at or below its knock-in level, 70% of its initial level.

If the least-performing index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the decline of the least-performing index.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price July 31 and settle Aug. 5.

The Cusip number is 22547QPZ3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.