Credit Suisse to price absolute return barrier notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Aug. 29 – Credit Suisse AG plans to price 0% absolute return barrier securities due Sept. 28, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if the final index level is less than or equal to the knock-in level, 70% of the initial level.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 123% to 128% of the index return. The exact participation rate will be set at pricing.

If the final index level is less than the initial index level and a knock-in event has not occurred, the payout will be par plus the absolute value of the index return.

If the final level is less than the initial index level and a knock-in event has occurred, investors will be fully exposed to the decline from the initial index level to the final index level.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Sept. 19 and settle Sept. 26.

The Cusip number is 22547QT48.

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