Credit Suisse plans Bares due 2020 tied to Midcap 400, Russell funds

By Susanna Moon

Chicago, Dec. 18 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Jan. 15, 2020 linked to a basket consisting of the SPDR S&P Midcap 400 exchange-traded fund and the iShares Russell 2000 ETF, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any basket gain, up to an underlying return cap of 23%.

Investors will receive par if the basket falls by up to 10% and lose 1% for each 1% decline beyond 10%.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Dec. 22 and settle on Dec. 28.

The Cusip is 22550BT37.

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