Credit Suisse plans accelerated barrier notes tied to Russell 2000

By Susanna Moon

Chicago, May 10 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due May 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return of the worse performing index, up to an underlying return cap of 25%.

If the index falls by up to its 80% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 25.

The Cusip number is 22550WSX6.

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