Credit Suisse to price return enhanced notes on basket of three funds

By Wendy Van Sickle

Columbus, Ohio, Feb. 17 – Credit Suisse AG, London Branch plans to price 0% return enhanced notes due March 8, 2017 linked to an equally weighted basket of three funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket contains the Consumer Discretionary Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Health Care Select Sector SPDR fund.

The payout at maturity will be par plus triple any basket gain, subject to a maximum return of 18%.

Investors will be fully exposed to any decline in the basket.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes are expected to price on Feb. 19 and settle on Feb. 24.

The Cusip number is 22546VX84.

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