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Credit Suisse plans Bares linked to S&P MidCap 400, Russell 2000
By Jennifer Chiou
New York, Sept. 12 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Feb. 13, 2018 tied to the S&P MidCap 400 index with a 70% weight and the Russell 2000 index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the final basket level finishes flat or positive, the payout at maturity will be par plus 111% to 121% of any basket gain.
Investors will receive par if the basket falls by up to 25% and lose 1.3333% for every 1% decline beyond 25%.
The notes (Cusip: 22547QB62) are expected to price on Oct. 8 and settle on Oct. 11.
Credit Suisse Securities (USA) LLC is the underwriter.
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