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Credit Suisse plans leveraged buffered notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., July 9 – Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature between 20 and 23 months after pricing.
The payout at maturity will be par plus 150% of any gain in the index, capped at between $1,194.10 and $1,228.30 for each $1,000 face amount. The exact cap and maturity date will be set at pricing.
Investors will receive par if the index falls by 10% or less and will lose 1.11111% for every 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The Cusip number is 22550BUT8.
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