Credit Suisse plans three-year Bares linked to gold, silver trusts

By Wendy Van Sickle

Columbus, Ohio, July 19 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due July 29, 2019 linked to the SPDR Gold trust and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each trust is positive, the payout at maturity will be par plus the upside participation rate, which is expected to be 150%, multiplied by the return of the lower performing trust, subject to the underlying return cap that is expected to be 77.5%. Investors will receive par if the lower performing fund declines by 15% or less and will lose 1% for each 1% that it declines beyond 15%.

The exact terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price July 22.

The Cusip number is 22548QCG8.

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