Credit Suisse plans two-year ARES linked to stock basket

By Susanna Moon

Chicago, Oct. 7 – Credit Suisse AG, London branch plans to price 0% Accelerated Return Equity Securities due Oct. 12, 2017 linked to a basket of equal weighted of shares, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the American Depositary Shares representing two A ordinary shares of Royal Dutch Shell plc, the common stock of Exxon Mobil Corp. and the common stock of Chevron Corp.

The payout at maturity will be par plus 180% to 190% of any basket gain. The exact upside participation rate will be set at pricing.

Investors will be exposed to any losses.

Citigroup Global Markets Inc. is the placement agent.

The notes will price on Oct. 8 and settle on Oct. 13.

The Cusip number is 22546VN93.

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