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Credit Suisse plans to price Bares linked to Euro Stoxx 50 index
By Jennifer Chiou
New York, April 24 - Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due May 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 125% to 130% of any gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that the index declines beyond 15%.
The notes (Cusip: 22547QMT0) are expected to price on May 27 and settle on May 30.
Credit Suisse Securities (USA) LLC is the underwriter.
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