Credit Suisse plans Accelerated Return Notes on S&P 500 via Barclays

By Marisa Wong

Madison, Wis., June 6 – Credit Suisse AG plans to price 0% Accelerated Return Notes due May 29, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 120.5% of any index gain. The exact upside participation rate will be set at pricing.

If the final index level is at or above the knock-in level, the payout will be par. Otherwise, investors will be fully exposed to losses.

The knock-in level will be about 75% of the initial level and will be set at pricing.

Barclays is the placement agent.

The notes will price on June 25 and settle on June 30.

The Cusip number is 22547QNY8.

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