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Credit Suisse plans to sell two-year 0% Bares linked to S&P 500 index
By Marisa Wong
Madison, Wis., Aug. 23 - Credit Suisse AG, Nassau Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 17, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 13.5%. Investors will receive par if the index falls by up to 20% and will be exposed to any decline beyond 20%.
The notes (Cusip: 22546EYQ1) are expected to price Sept. 10 and settle Sept. 15.
Credit Suisse Securities (USA) LLC is the underwriter.
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