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Credit Suisse plans to price two-year Bares linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Sept. 13 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Oct. 2, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain in the index, subject to a maximum return of 17% to 19%. The exact upside participation rate and cap will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Sept. 27 and settle on Sept. 30.
The Cusip number is 22548QFT7.
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