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Credit Suisse plans buffered return equity securities tied to S&P 500
By Susanna Moon
Chicago, March 14 – Credit Suisse AG, London Branch plans to price 0% buffered return equity securities due March 21, 2019 linked to a basket of five exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF Trust with a 35% weight, the WisdomTree Europe Hedged Equity Fund with a 30% weight, the iShares MSCI Japan ETF with a 15% weight, the iShares MSCI Emerging Markets ETF with a 10% weight and the Energy Select Sector SPDR Fund with a 10% weight.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to the 19% to 22% buffer and will be exposed to any losses beyond the buffer, with the exact percentage to be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 18 and settle on March 23.
The Cusip number is 22546VZ33.
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