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Credit Suisse plans dual directional buffered notes tied to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., April 4 – Credit Suisse AG, London Branch plans to price 0% dual directional buffered notes due April 22, 2020 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 the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return that is expected to be 7% and will be set at pricing. If the final index level is less than the initial index level but the index declines by no more than 13.5%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1.15606% for every 1% that the index declines beyond 13.5%.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price April 5.
The Cusip number is 22552FAD4.
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