Credit Suisse plans Accelerated Return Notes on three financial stocks

By Susanna Moon

Chicago, March 15 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Notes due May 2018 linked to a basket of three equally weighted financial sector stocks, according to an FWP filing with the Securities and Exchange Commission.

The underlying stocks are Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley.

The payout at maturity will be par plus triple any basket gain, up to a maximum return of 17% to 21%. The exact cap will be set at pricing.

Investors will lose 1% for each 1% decline.

BofA Merrill Lynch is the agent.

The notes will price in March and settle in April.

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