Credit Suisse plans buffered accelerated return notes linked to S&P

By Susanna Moon

Chicago, June 1 – Credit Suisse AG, London branch plans to price buffered accelerated return equity securities due Jan. 4, 2018 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 200% of any index gain, up to underlying return cap of 13% to 15%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on June 30 and settle on July 6.

The Cusip number is 22548Q7L3.

© 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.