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Credit Suisse to price three-year Bares linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 20, 2018 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the S&P Midcap 400 index with a 15% weight.
If the basket return is positive, the payout at maturity will be par plus about 200% of the basket return, subject to a maximum return expected to be 20%. The exact participation rate and cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and lose 1% for every 1% decline in the basket beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Sept. 16 and settle on Sept. 21.
The Cusip number is 22548QHA6.
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