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Published on 2/27/2017 in the Prospect News Structured Products Daily.

Credit Suisse announces plans to offer Bares linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Feb. 27 – Credit Suisse AG, London Branch, plans to price Buffered Accelerated Return Equity Securities due April 2, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return of 14% to 16%. Investors will receive par if the index falls by up to the buffer amount of 10% and will lose 1% for every 1% decline if the index level finishes below the buffer.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548QW27) will price on March 28 and settle on March 31.


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