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Credit Suisse plans accelerated return notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Dec. 30 – Credit Suisse AG plans to price 0% accelerated return notes due Feb. 1, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 165% to 170% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to the index decline if it falls to or below the 60% knock-in level.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Jan. 23 and settle Jan. 30.
The Cusip number is 22547QXU5.
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