Credit Suisse plans Bares linked to Euro Stoxx, iShares EAFE basket

By Jennifer Chiou

New York, Aug. 14 – Credit Suisse AG plans to price 0% Buffered Accelerated Return Equity Securities due Aug. 20, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lowest-performing underlying asset is positive, the payout at maturity will be par plus 200% to 210% of the return.

If the lowest-performing underlying asset falls by up to 40%, the payout will be par. And if the lowest performer falls by more than 40%, investors will lose 1% for every 1.6667% decline beyond the buffer.

The notes (Cusip: 22547QS80) will price on Aug. 15 and settle on Aug. 20.

Credit Suisse Securities (USA) LLC is the underwriter.

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