Credit Suisse to price absolute return barrier notes linked to Dow

By Susanna Moon

Chicago, Sept. 26 – Credit Suisse AG plans to price 0% absolute return barrier securities due Nov. 2, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 125% to 130% of the index return. The exact participation rate will be set at pricing.

If the falls by up to the 70% knock-in level, the payout will be par plus the absolute value of the index return, up to a maximum redemption amount of $1,299.99 for every $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 24 and settle on Oct. 31.

The Cusip number is 22547QU38.

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