Credit Suisse plans leveraged buffered notes tied to S&P 500

By Susanna Moon

Chicago, Dec. 20 - Credit Suisse AG, London Branch plans to price 0% 24-month leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.4 times any index gain, up to a maximum payout of $1,182 to $1,224 per $1,000 of notes. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 12.5% and will lose about 1.142857% per 1% decline beyond 12.5%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price in December.

The Cusip number is 22547QEX0.

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