Credit Suisse plans to price PLUS on VanEck Vectors Oil Services ETF

By Sarah Lizee

Olympia, Wash., March 10 – Credit Suisse AG, London Branch plans to price 0% Performance Leveraged Upside Securities due June 17, 2021 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus triple the ETF return, subject to a maximum payment of $14.05 per PLUS.

Investors will lose 1% for each 1% decline.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes will price on March 13.

The Cusip number is 22550V398.

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