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Credit Suisse to price Bares linked to basket of two indexes
By Marisa Wong
Morgantown, W.Va., Nov. 15 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Dec. 21, 2017 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the MSCI EAFE index with a 60% weight and the MSCI Emerging Markets index with a 40% weight.
If the basket return is positive, the payout at maturity will be par plus about 150% of the basket return, subject to a maximum return of 10%. The exact participation rate and cap will be set at pricing.
Investors will receive par if the basket falls by up to 13% and lose 1% for every 1% decline in the basket beyond 13%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Nov. 16.
The Cusip number is 22548QNP6.
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