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Credit Suisse plans four-year Bares with no cap tied to index basket
By Susanna Moon
Chicago, Sept. 21 – Credit Suisse AG, London branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 3, 2022 linked a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 69% weight, the MSCI EAFE index with a 15% weight, the S&P Midcap 400 index with a 8% weight, the MSCI Emerging Markets index with a 5% weight and the Russell 2000 index with a 3% weight.
The payout at maturity will be par plus 127.5% to 130.5% of any basket gain.
Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 22551LBC3.
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