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Credit Suisse plans Accelerated Return Equity Securities on S&P 500
By Sarah Lizee
Olympia, Wash., May 17 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due July 31, 2019 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 12%. Investors will lose 1% for each 1% decline in the index from its initial level.
The exact terms will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on May 29 and settle on May 31.
The Cusip number is 22550WU88.
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