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Credit Suisse to price barrier absolute return notes tied to S&P 500
New York, May 10 – Credit Suisse AG, Nassau Branch plans to price 0% barrier absolute return market-linked notes due Nov. 21, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above the upper barrier or below the lower barrier on any day during the life of the notes the payout at maturity will be par plus 1.5%.
The upper barrier will be set at the initial level of the index plus 17% to 19%. The lower barrier will be set at the initial level of the index minus 17% to 19%. The exact barriers will be set at pricing.
Otherwise, the notes will pay par plus the absolute value of the index return.
Credit Suisse and UBS Financial Services, Inc. are the agents.
The notes will price on May 16 and settle on May 21.
The Cusip number is 22550WTR8.
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