Credit Suisse plans trigger PLUS on basket of four equity securities

By Devika Patel

Knoxville, Tenn., April 12 – Credit Suisse AG, London branch plans to price 0% trigger Performance Leveraged Upside Securities due April 16, 2021 linked to a basket of the common units of Enterprise Products Partners LP, Western Gas Partners, LP, Plains All American Pipeline, LP and the common stock of Kinder Morgan, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the basket is greater than its initial level, the payout at maturity will be par of $10 plus double the basket return, subject to a maximum payout of $18 per $10 of notes.

If the basket falls but finishes at or above the 75% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline in the basket from its initial level.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 22549M301) will price on April 13 and settle on April 18.

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