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Credit Suisse plans absolute return barrier notes tied to two indexes
By Susanna Moon
Chicago, July 31 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Aug. 31, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 120% to 125% of the return of the worse performing index.
If either index falls by up to the 65% knock-in level, the payout will be par plus the absolute return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 26 and settle on Aug. 31.
The Cusip number is 22546VHU3.
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