Credit Suisse plans buffered return enhanced notes linked to Apple

By Angela McDaniels

Tacoma, Wash., Jan. 15 – Credit Suisse AG, London Branch plans to price 0% buffered return enhanced notes due Feb. 5, 2020 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par plus two times the stock return, subject to a maximum return that is expected to be 17% and will be set at pricing. Investors will receive par if the stock declines by 15% or less and will lose 1.17647% for every 1% that it declines beyond 15%.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price Jan. 18.

The Cusip number is 22551LUA6.

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