Credit Suisse plans Bares due 2018 with 10% buffer tied to Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 26 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 31, 2018 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 double any index gain, subject to a maximum return that is expected to be between 16.5% and 18.5% and will be set at pricing.

Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QJN6) will price on Oct. 26 and settle on Oct. 31.

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