Credit Suisse plans buffered securities linked to SPDR S&P Homebuilders

By Angela McDaniels

Tacoma, Wash., March 13 - Credit Suisse AG, Nassau Branch plans to price 0% buffered return equity securities due March 30, 2015 linked to the SPDR S&P Homebuilders exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any percentage increase in the ETF's share price, subject to a maximum return of 43% to 47% that will be set at pricing. Investors will receive par if the share price declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes (Cusip: 22546TPP0) are expected to price March 27 and settle March 30.

Credit Suisse Securities (USA) LLC is the agent.

© 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.