Credit Suisse plans two-year Bares tied to Energy Select Sector SPDR

By Susanna Moon

Chicago, May 12 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due May 29, 2019 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to an underlying cap of 25.7%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes will price on May 23 and settle on May 26.

The Cusip number is 22550B3R2.

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