Credit Suisse announces plans to offer Bares linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Dec. 23 – Credit Suisse AG, London Branch, plans to price Buffered Accelerated Return Equity Securities due Jan. 31, 2019 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 15% and 17% 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 the buffer.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QR31) will price on Jan. 26 and settle on Jan. 31.

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