Credit Suisse will issue accelerated barrier notes on S&P 500 index

By Devika Patel

Knoxville, Tenn., July 6 – Credit Suisse AG, London Branch, plans to price 0% accelerated barrier notes due July 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index’s final level is greater than or equal to the initial level, the payout at maturity will be par plus at least 119% of the index return. The exact participation rate will be set at pricing.

If the index finishes below the initial level but at or above its knock-in level, 75% of its initial level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22552WBE4) will price on July 24 and settle on July 31.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.