Credit Suisse plans to price 18-month Bares linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 5 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 12, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return that is expected to be 16.2% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% that it may decline beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price April 6.

The Cusip number is 22548Q3J2.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.