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Credit Suisse to price return notes linked to basket of 20 stocks
By Marisa Wong
Morgantown, W.Va., Jan. 18 – Credit Suisse AG, London Branch plans to price 0% return notes due Feb. 6, 2019 linked to an equally weighted basket of 20 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Comerica Inc., First Republic Bank, KeyCorp, SVB Financial Group, Biogen Inc., Celgene Corp., WellCare Health Plans, Inc., Vertex Pharmaceuticals, Pfizer Inc., Fortive Corp., Kennametal Inc., Terex Corp., Textron Inc., Palo Alto Networks, Inc., Twitter, Inc., ON Semiconductor Corp., Xilinx, Inc., Akamai Technologies, Inc., LogMeIn, Inc. and DowDuPont Inc.
The payout at maturity will be par plus the basket return times a basket adjustment factor 99.23%. Investors will receive less than par unless the basket appreciates by at least 0.776%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes will price on Jan. 19.
The Cusip number is 22548X7N4.
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