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Credit Suisse plans accelerated return notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Jan. 2 – Credit Suisse AG plans to price 0% accelerated return notes due Aug. 1, 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 the initial level, the payout at maturity will be par plus 162.5% 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 25% and will be fully exposed to the index decline if it falls below the 75% knock-in level.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price Jan. 27 and settle Jan. 30.
The Cusip number is 22547QXL5.
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