Credit Suisse plans Bares with 1.5x leverage linked to S&P, Russell

By Devika Patel

Knoxville, Tenn., July 3 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 5, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return of the worse performing index, up to an underlying cap of 14% to 16%. The exact cap will be set at pricing.

Investors will receive par if each index falls by no more than 10% and will lose 1% for each 1% decline of the worse performing index beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550WZ42) are expected to price July 31 and settle Aug. 3.

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