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Credit Suisse plans buffered accelerated return equity notes on Russell
By Sarah Lizee
Olympia, Wash., May 14 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due June 3, 2022 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 150% of any index gain, capped at par plus between 24% and 27%.
Investors will receive par if the index falls by up to 17.5% and will lose 1% for each 1% that the index falls beyond 17.5%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 28.
The Cusip number is 22552FBH4.
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