Credit Suisse plans Bares due 2019 with 10% buffer tied to S&P 500

By Susanna Moon

Chicago, Jan. 22 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 5, 2019 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 150% of any index gain, up to an underlying return cap of 15.2%.

Investors will receive par if the index falls by up to 10% and lose 1% for each 1% decline beyond the buffer.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 31 and settle on Feb. 5.

The Cusip number is 22550W7H4.

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