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Credit Suisse plans Accelerated Return Equity Securities linked to S&P
By Angela McDaniels
Tacoma, Wash., Feb. 4 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due March 29, 2017 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 300% of any gain in the index, subject to a maximum return that is expected to be at least 17% and will be set at pricing. Investors will be fully exposed to any decline in the index.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price Feb. 24.
The Cusip number is 22546VWP7.
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