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Credit Suisse to price absolute return barrier notes tied to S&P 500
By Susanna Moon
Chicago, July 18 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due July 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 125% of the gain up to an underlying return cap of 46% to 51%.
If each index finishes at or above the 80% knock-in level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 20.
The Cusip number is 22550BUH4.
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