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Credit Suisse plans 18-month ARES linked to basket of 10 stocks
By Marisa Wong
Morgantown, W.Va., March 7 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Sept. 11, 2019 linked to an equally weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Amazon.com, Inc., BioMarin Pharmaceutical Inc., Horizon Pharma plc, Delta Air Lines, Inc., Wynn Resorts, Ltd., Palo Alto Networks, Inc., salesforce.com, inc., Caterpillar Inc., Tesla, Inc. and MGM Resorts International.
The payout at maturity will be par plus 200% of any basket gain, up to a basket return cap of 31%.
Investors will be exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 8.
The Cusip number is 22550WJ99.
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