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Credit Suisse plans to price Bares linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., Oct. 17 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Nov. 19, 2020 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 of the lesser-performing index is positive, the payout at maturity will be par plus 110% to 130% of the lesser-performing index’s return. The exact upside participation rate will be set at pricing. Investors will receive par if the lesser-performing index declines by 30% or less and will lose 1% for each 1% that the lesser-performing index may decline beyond 30%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price Nov. 15.
The Cusip number is 22548QL94.
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