Credit Suisse plans to price leveraged notes linked to index basket

By Angela McDaniels

Tacoma, Wash., Nov. 10 – Credit Suisse AG, London Branch plans to price 24- to 27-month 0% leveraged notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus 133% to 143% of the basket return. If the basket return is negative, investors will be exposed to the decline.

The exact maturity date and participation rate will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Nov. 12.

The Cusip number is 22547QWR3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.