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Credit Suisse plans three-year accelerated barrier notes on oil fund
By Susanna Moon
Chicago, Feb. 9 – Credit Suisse AG, London branch plans to price 0% accelerated barrier notes due Feb. 22, 2019 linked to the United States Oil Fund LP, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus the gain, up to an underlying return cap of 57.5%.
If the fund finishes at or above the 50% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 19 and settle on Feb. 24.
The Cusip number is 22546VVZ6.
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