Credit Suisse plans Leveraged Index Return Notes tied to index basket

By Angela McDaniels

Tacoma, Wash., June 20 – Credit Suisse AG, London Branch plans to price 0% capped Leveraged Index Return Notes due August 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index 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 of $10 plus 200% of the basket return, subject to a maximum return that is expected to be 10% to 14% and will be set at pricing. Investors will receive par if the basket declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

The notes will price in June and settle in July.

BofA Securities Inc. is the agent.

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