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Credit Suisse plans absolute return barrier notes on Stoxx, EM fund
By Susanna Moon
Chicago, July 6 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due July 27, 2023 to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 125% to 130% of the gain of the worse performing index.
If either index falls by up to 50%, the payout will be par plus the absolute value of the return of the worse performing index.
If either index finishes below its 50% knock-in level, investors will lose 1% for each 1% decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 24 and settle on July 27.
The Cusip number is 22550WZU4.
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