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Credit Suisse plans buffered return enhanced notes on Stoxx Europe 600
By Angela McDaniels
Tacoma, Wash., June 14 – Credit Suisse AG, London Branch plans to price 0% buffered return enhanced notes due July 6, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return of 13.48%. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
The final index level will be the average of the index’s closing levels on the five trading days ending June 30, 2017.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price June 17.
The Cusip number is 22548QB20.
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