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Credit Suisse plans dual direction knock-out notes due 2019 on S&P 500
By Susanna Moon
Chicago, July 25 – Credit Suisse AG, London Branch plans to price 0% dual directional knock-out notes due Aug. 14, 2019 linked to the S&P 500 index according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain up to a maximum return of 8%.
If the index falls by up to 16.29%, the payout will be par plus the absolute value of the return.
If the index falls by more than 16.29%, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on July 27.
The Cusip number is 22550BWM1.
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