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Credit Suisse plans to price leveraged buffered notes linked to Dow
By Angela McDaniels
Tacoma, Wash., April 10 – Credit Suisse AG plans to price 0% leveraged buffered notes linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 54 to 57 months.
If the index return is positive, the payout at maturity will be par plus 120% of the gain, subject to a maximum settlement amount that is expected to be $1,468 to $1,540 for each $1,000 principal amount of notes. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% that the index declines beyond 15%.
The exact maturity date and maximum settlement amount will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price April 13.
The Cusip number is 22546VBK1.
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