Credit Suisse to price 18-month ARES on basket of five energy stocks

By Marisa Wong

Morgantown, W.Va., May 17 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Nov. 21, 2019 linked to an equally weighted basket of five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Continental Resources, Inc., Devon Energy Corp., Marathon Petroleum Corp., Pioneer Natural Resources Co. and Whiting Petroleum Corp.

The payout at maturity will be par plus 300% of any basket gain, up to a basket return cap of 35.6%.

Investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 18.

The Cusip number is 22550WUC9.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.