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Credit Suisse eyes accelerated barrier notes on basket of indexes
By Sarah Lizee
Olympia, Wash., March 7 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Oct. 4, 2021 linked to an equally-weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above its initial level, the payout at maturity will be par plus between 125% and 135% of the gain.
If the basket falls, but finishes at or above the 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any loss of the basket.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 29.
The Cusip number is 22551LZQ6.
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