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Credit Suisse plans buffered return equity securities tied to S&P 500
By Devika Patel
Knoxville, Tenn., Feb. 26 – Credit Suisse AG, London Branch plans to price 0% buffered return equity securities due Oct. 3, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to the 12.5% to 17.5% buffer and will be exposed to any losses beyond the buffer, with the exact percentage to be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22546VXW1) will price on March 31 and settle on April 5.
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