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Credit Suisse plans absolute return barrier notes tied to two indexes
By Susanna Moon
Chicago, Feb. 24 – Credit Suisse AG, London branch plans to price 0% absolute return barrier securities due March 7, 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 each index finishes at or above the initial level, the payout at maturity will be par plus 135% of the gain of the worse performing index.
If either index falls but each index finishes at or above the 66.5% knock-in level, the payout will be par plus the absolute value 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 March 2 and settle on March 7.
The Cusip number is 22546VXK7.
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