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Credit Suisse plans to price 2.5-year CS notes linked to S&P 500
New York, July 31 – Credit Suisse AG, London branch, plans to price 0% CS notes due March 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes above the upper barrier, expected to be between 120% and 122% of the initial level, or below the lower barrier, expected to be between 78% and 80% of the initial level, during the life of the notes. The exact barriers will be set at pricing.
If a barrier event occurs, the payout at maturity will be par plus 3%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 22551L2R0.
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