Credit Suisse eyes absolute return barrier notes linked to Euro Stoxx

By Devika Patel

Knoxville, Tenn., May 25 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Dec. 2, 2019 linked to the Euro Stoxx index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 200% of the return, subject to a maximum settlement amount that is expected to fall between 21% and 23% and will be set at pricing.

If the final level is less than the initial level and the index finishes at or above its knock-in level, 75% of its initial level, the payout at maturity will be par plus the absolute value of the return.

If the index finishes below its knock-in level, investors will be fully exposed to the decline.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550B6F5) will price on May 26 and settle on June 1.

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