Credit Suisse to price Ares linked to VanEck Vectors Oil Services

By Angela McDaniels

Tacoma, Wash., Nov. 13 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Dec. 19, 2018 linked to the VanEck Vectors Oil Services exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return that is expected to be 27% and will be set at pricing. If the ETF return is negative, investors will be exposed to the ETF’s decline.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price Nov. 14.

The Cusip number is 22550BPV9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.