Credit Suisse plans accelerated barrier notes on SPDR S&P Oil & Gas

By Susanna Moon

Chicago, Sept. 29 – Credit Suisse AG, London branch plans to price 0% accelerated barrier notes due April 30, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial level, the payout at maturity will be par plus 125% of the gain up to an underlying return cap of 85% to 95%.

If the fund falls by up to the 65% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 23 and settle on Oct. 30.

The Cusip number is 22546VMJ2.

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