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Credit Suisse plans absolute return barrier notes on Russell, S&P 500
By Tali Rackner
Norfolk, Va., Aug. 10 – Credit Suisse AG, London Branch plans to price absolute return barrier securities due Sept. 3, 2020 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 130% to 135% of the index gain. The exact upside participation rate will be set at pricing.
If the index falls but each index finishes above its 65% knock-in level, the payout will be par plus the absolute value of the return of the lowest performing index.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 22548QD69.
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