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Credit Suisse to price absolute return barrier notes on Stoxx, EM ETF
By Sarah Lizee
Olympia, Wash., Sept. 4 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Oct. 3, 2023 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 175% to 180% of the gain of the worse performing index.
If either asset falls by up to 50%, the payout will be par plus the absolute value of the return of the worse performing asset.
If either asset finishes below its 50% knock-in level, investors will lose 1% for each 1% decline of the worse performing asset.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 28 and settle on Oct. 3.
The Cusip number is 22551L6Y1.
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