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Credit Suisse plans absolute return barrier securities on Russell, S&P
By Sarah Lizee
Olympia, Wash., Sept. 24 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due March 30, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus at least 100% of the gain of the worse performing index. The exact upside participation rate will be set at pricing.
If each index finishes at or above the 70% knock-in level, the payout will be par plus the absolute value of the worse performing index.
Otherwise, investors will be fully exposed to the loss of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 25.
The Cusip number is 22552FVY5.
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