Credit Suisse plans accelerated return securities on gold fund basket

By Toni Weeks

San Luis Obispo, Calif., April 6 – Credit Suisse AG plans to price 0% accelerated return securities due April 17, 2020 linked to a basket consisting of equal weights of the SPDR Gold trust and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any basket gain. The exact upside participation rate will be set at pricing.

If the basket finishes at or above the knock-in level, 70% of the initial level, the payout will be par. Otherwise, investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the placement agent.

The notes will price April 10 and settle April 15.

The Cusip number is 22546VBE5.

© 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.