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Credit Suisse plans accelerated barrier notes tied to S&P 500, Russell
By Susanna Moon
Chicago, April 28 – Credit Suisse AG, London branch plans to price 0% accelerated barrier notes due June 3, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above their initial level, the payout at maturity will be par plus 150% to 155% of the gain of the worse performing index.
If either index falls but finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 31 and settle on June 5.
The Cusip number is 22550B2K8.
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