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Credit Suisse to price 18-month 0% Bares linked to S&P 500 index
By Jennifer Chiou
New York, Oct. 4 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due May 5, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus a fixed payment percentage, which is expected to be 11.5% to 13.5% and will be set at pricing.
Investors will receive par for losses up to 10% and will share in any losses beyond the 10% buffer.
The notes (Cusip: 22546TB75) are expected to price on Oct. 31 and settle on Nov. 5.
Credit Suisse Securities (USA) LLC is the underwriter.
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