Credit Suisse plans three-year ARES on iShares China Large-Cap ETF

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Equity Securities due Feb. 23, 2021 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any ETF gain, capped at 75%.

Investors will be exposed to any losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 16.

The Cusip number is 22550WD61.

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