Credit Suisse plans accelerated barrier notes linked to oil & gas ETF

By Marisa Wong

Morgantown, W.Va., May 10 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Nov. 25, 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 ETF finishes at or above its initial level, the payout at maturity will be par plus 200% of the ETF return, subject to an underlying return cap of 23.75% to 25.75%.

If the ETF falls by up to 20%, the payout will be par.

Otherwise, investors will be fully exposed to the ETF decline.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 18.

The Cusip number is 22550WSQ1.

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