Credit Suisse plans accelerated barrier notes on EM ETF, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., April 11 - Credit Suisse AG plans to price 0% accelerated barrier notes due May 4, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event will occur if the final level of either underlying component is less than or equal to its knock-in level, 60% of its initial level.

The payout at maturity will be par plus the underlying return of the lowest performing underlying component.

If an underlying component's final level is greater than or equal to its initial level, its underlying return will be 185% to 195% of the component return. The exact upside participation rate will be set at pricing. If an underlying component's final level is less than its initial level and a knock-in event has not occurred, its underlying return will be zero. If an underlying component's final level is less than its initial level and a knock-in event has occurred, its underlying return will be equal to the component return.

Credit Suisse Securities (USA) LLC is the underwriter.

The notes are expected to price April 29 and settle May 5.

The Cusip number is 22547QM45.

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