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Credit Suisse plans Bares with 5% buffer linked to iShares MSCI EAFE
By Devika Patel
Knoxville, Tenn., July 13 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 24, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 250% of any fund gain, with the exact participation rate to be set at pricing.
Investors will receive par if the fund falls by up to 5% and lose 1% for every 1% decline beyond 5%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22550BD59) will price on July 19 and settle on July 24.
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