Credit Suisse plans to price buffered notes linked to index basket

By Toni Weeks

San Luis Obispo, Calif., Nov. 14 – Credit Suisse AG, London Branch plans to price 24- to 27-month 0% buffered notes linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum settlement amount of $1,143 to $1,167 per $1,000 principal amount of notes. Investors will receive par if the basket falls by up to 15% and will lose about 1.17647% for every 1% decline in the basket beyond the 15% buffer.

The exact maturity date and maximum settlement amount will be set at pricing.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price Nov. 17.

The Cusip number is 22547QTU0.

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