Credit Suisse to price buffered return notes linked to energy stocks

By Angela McDaniels

Tacoma, Wash., June 11 – Credit Suisse AG, London Branch plans to price 0% buffered return equity securities due Dec. 29, 2020 linked to an equally weighted basket consisting of the stocks of Concho Resources Inc., Pioneer Natural Resources Co., Oasis Petroleum Inc., Whiting Petroleum Corp., Continental Resources, Inc., EOG Resources, Inc. and Parsley Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return that is expected to be 32% to 36% and will be set at pricing.

If the final basket level is less than the initial basket level but greater than or equal to 85% of the initial level, the payout will be par.

If the final basket level is less than 85% of the initial basket level, investors will lose 1% for every 1% that the basket declines beyond 15%.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price June 21.

The Cusip number is 22552FJQ6.

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