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Credit Suisse to price Leveraged Index Return Notes on index basket
By Marisa Wong
Morgantown, W.Va., Sept. 18 – Credit Suisse AG, London Branch plans to price 0% Leveraged Index Return Notes due September 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index and the Nikkei 225 index each with a 20% weight, the Swiss Market index and the S&P/ASX 200 index each with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par plus 200% to 220% of the basket gain.
Investors will be fully exposed to any basket decline.
BofA Merrill Lynch is the agent.
The notes will price and settle in September.
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