Credit Suisse plans one-year return enhanced notes tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Aug. 7 - Credit Suisse AG plans to price 0% return enhanced notes due Aug. 27, 2014 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return that is expected to be 23% and will be set at pricing.

Investors will be exposed to any losses.

The final index level will be the average of the closing index levels on the five valuation dates ending Aug. 22, 2014.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.

The notes (Cusip: 22547Q7F7) will price Aug. 8 and settle Aug. 13.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.