Credit Suisse plans contingent coupon Bares linked to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 22 – Credit Suisse AG, London Branch, plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 3, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the lesser of double the return and an underlying return cap which is expected to be between 12% and 14% and will be set at pricing. Investors will receive par if the index falls by up to the buffer amount of 10% and will lose 1% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QQZ1) will price on Jan. 31 and settle on Feb. 3.

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