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Credit Suisse plans to price Bares with 80% trigger linked to the Dow
By Toni Weeks
San Luis Obispo, Calif., Feb. 5 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Feb. 28, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus a fixed payment percentage of 15% to 20% that will be determined at pricing.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes (Cusip: 22547QHJ8) will price Feb. 26 and settle Feb. 28.
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