Credit Suisse to price Bares due 2018 with 5% buffer tied to Russell

By Devika Patel

Knoxville, Tenn., July 13 – Credit Suisse AG, London Branch, plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 23, 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 250% of any index gain, subject to a maximum return of 15.5%.

Investors will receive par if the index falls by up to 5% and lose 1% for every 1% decline beyond 5%.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550BD34) will price on July 18 and settle on July 21.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.