Credit Suisse plans to price Bares due 2022 linked to the Dow

By Sarah Lizee

Olympia, Wash., July 9 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 3, 2022 tied to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 125% of the index return, subject to a maximum payout of par plus 28%. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price July 29.

The Cusip number is 22552FL83.

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