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Credit Suisse plans to price Bares due 2018 linked to Russell 2000
By Susanna Moon
Chicago, July 3 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Jan. 31, 2018 linked to the Russell 2000 index, according to an FWP 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 a fixed payment percentage of 18% to 22%. The exact digital return 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%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on July 29 and settle on July 31.
The Cusip number is 22547QQG4.
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