Credit Suisse plans accelerated return notes on Regional Banking ETF

By Sarah Lizee

Olympia, Wash., June 7 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Dec. 18, 2019 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the fund, subject to a maximum return that is expected to be 20%. Investors will lose 1% for each 1% decline in the fund from its initial level.

The exact terms will be set at pricing.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on June 11 and settle on June 18.

The Cusip number is 22550WXG7.

© 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.