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Credit Suisse to price four-year Bares linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., July 28 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to its initial level, the payout at maturity will be par plus 120% to 125% of the index return. The exact upside participation rate will be set at pricing. If the index’s final level is less than its initial level by not more than 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Aug. 26 and settle Aug. 29.
The Cusip number is 22547QR40.
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