Credit Suisse plans ARES with 2x leverage, cap due 2019 tied to S&P

By Susanna Moon

Chicago, July 18 – Credit Suisse AG, London branch plans to price 0% Accelerated Return Equity Securities due Sept. 30, 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 300% of any index gain, up to an underlying return cap of 12%.

Investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on July 27.

The Cusip number is 22550BV83.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.