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Credit Suisse plans 24- to 27-month buffered notes linked to S&P 500
By Susanna Moon
Chicago, April 24 – Credit Suisse AG plans to price 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 24 and 27 months after pricing.
The payout at maturity will be par plus any index gain, up to a maximum settlement amount of $1,147 to $1,172 for each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline beyond 15%.
The exact maturity date and maximum settlement amount will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on April 27.
The Cusip number is 22546VAZ9.
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