Credit Suisse plans capped accelerated barrier notes linked to Zions

By Angela McDaniels

Tacoma, Wash., Feb. 12 - Credit Suisse AG plans to price 0% accelerated barrier notes due Feb. 20, 2018 linked to the common stock of Zions Bancorporation, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 250% of the stock return, subject to a cap that is expected to be 45% to 50% and will be set at pricing. Investors will receive par if the stock falls by less than 30% and will be fully exposed to losses from the initial share price if the stock falls by 30% or more.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price Feb. 14 and settle Feb. 20.

The Cusip number is 22547QHZ2.

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