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Credit Suisse plans leveraged buffered notes linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., March 28 - Credit Suisse AG, London Branch plans to price 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 26 to 29 months after pricing.
The payout at maturity will be par plus 140% of any index gain, up to a maximum settlement amount of $1,217 to $1,245 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the index falls by 15% or less and will lose about 1.17647% for every 1% decline beyond the 15% buffer.
The Cusip number is 22547QLF1.
Credit Suisse Securities (USA) LLC is the agent.
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