Credit Suisse plans two-year barrier absolute return notes tied to Dow

By Susanna Moon

Chicago, Aug. 21 – Credit Suisse AG, London Branch plans to price 0% barrier absolute return market-linked notes with daily barrier observation due Aug. 31, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

A barrier event will occur if the index ever closes above the upper barrier or below the lower barrier on any trading day during the life of the notes. The upper barrier is expected to be equal to the initial level plus between 21% and 21.5% and the lower barrier is expected to be equal to the initial level minus between 21% and 21.5%, with the exact range to be set at pricing.

If a barrier event occurs, the payout at maturity will be par plus a conditional return of 2%.

Otherwise, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

UBS Financial Services Inc. is the distributor.

The notes will price on Aug. 28.

The Cusip number is 22551L4K3.

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