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Credit Suisse to price capped knock-out notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Oct. 23 - Credit Suisse AG plans to price 0% capped knock-out notes due Oct. 30, 2018 linked to the Euro Stoxx 50 index, 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 155% of the index return.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls below the 60% trigger.
The final index level will be the average of the index levels on the five trading days ending Oct. 25, 2018.
The exact terms will be set at pricing.
The notes (Cusip: 22547QCM6) will price Oct. 25 and settle Oct. 30.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as agents.
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