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Credit Suisse plans accelerated barrier notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 11 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due March 28, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s final level is greater than or equal to the initial index level, the payout at maturity will be par plus at least 131% of the index return. The exact upside participation rate will be set at pricing.
If the index finishes below the initial level and a knock-in event does not occur, the payout will be par. A knock-in event occurs if the index finishes below its knock-in level, 75% of its initial level.
If the index finishes below its initial level and a knock-in event occurs, investors will be fully exposed to the index’s decline.
Barclays is the agent.
The notes will price Sept. 25 and settle Sept. 30.
The Cusip number is 22546VME3.
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