Credit Suisse plans absolute return barrier notes linked to the Dow

By Devika Patel

Knoxville, Tenn., Dec. 22 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Dec. 29, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the gain and 112% to 117%, with the exact participation rate to be set at pricing.

If the final level is less than the initial level and the index finishes above its knock-in level, 70% of its initial level, the payout at maturity will be par plus the absolute value of the return.

If the index finishes at or below its knock-in level, investors will lose 1% for each 1% decline of the index from its initial level.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22550BSY0) will price on Dec. 26 and settle on Dec. 29.

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