Credit Suisse plans accelerated barrier notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Feb. 27 – Credit Suisse AG plans to price 0% accelerated barrier notes due March 29, 2019 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 final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 132.5% to 137.5% of the return of that index. The exact upside 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 March 26 and settle March 31.

The Cusip number is 22546V5V4.

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