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Credit Suisse plans to price Bares linked to S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 9, 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 the return is of each index is positive, the payout at maturity will be par plus 125% of the lesser performing index’s return. Investors will receive par if the lesser performing index falls by up to 20% and lose 1% for every 1% decline in the lesser performing index beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Oct. 4.
The Cusip number is 22548QJG1.
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