Credit Suisse to price buffered accelerated return notes tied to basket

By Tali Rackner

Norfolk, Va., March 3 – Credit Suisse AG, London branch plans to price buffered accelerated return equity securities due March 15, 2021 linked to a basket of an index and funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 65% weight, the iShares MSCI EAFE exchange-traded fund with a 25% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.

If the basket return is positive, the payout at maturity will be par plus 170% of the index return.

Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% decline beyond 20%.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 7 and settle on March 14.

The Cusip number is 22546VYC4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.