Credit Suisse to price accelerated barrier notes tied to S&P, Russell

By Devika Patel

Knoxville, Tenn., May 27 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due June 8, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If either index finishes at or above its initial level, the payout at maturity will be par plus at least 102.5% of the gain. The exact participation rate will be set at pricing.

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 lesser performing index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22552W5K7) are expected to price June 4 and settle June 9.

© 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.