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Credit Suisse plans accelerated barrier notes on oil, energy funds
By Marisa Wong
Madison, Wis., Jan. 9 – Credit Suisse AG plans to price 0% accelerated barrier notes linked to the United States Oil Fund, LP and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between Oct. 26, 2017 and April 26, 2018, with the exact maturity to be set at pricing.
If each fund finishes at or above its initial level, the payout at maturity will be par plus 150% of the return of the worst performing fund.
If the worst performing fund falls by up to its knock-in level, 60% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing fund.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Jan. 21 and settle on Jan. 26.
The Cusip number is 22546V2E5.
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