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Credit Suisse plans return optimization notes linked to Russell 2000
By Tali Rackner
Norfolk, Va., Feb. 5 – Credit Suisse AG, London Branch plans to price 0% return optimization securities due April 28, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index's return is positive, the payout at maturity will be par plus three times the index's return, subject to a maximum return that is expected to be 18.2% to 21.2% and will be set at pricing.
If the index's return is negative, investors will be fully exposed to the losses.
UBS Financial Services Inc. will act as distributor.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 22548J515.
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