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Credit Suisse plans leveraged buffered notes tied to MSCI EAFE index
By Devika Patel
Knoxville, Tenn., July 13 – Credit Suisse AG, London Branch intends to price 16- to 19-month 0% leveraged buffered notes linked to the MSCI EAFE 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 140% of the gain, subject to a maximum settlement amount that is expected to be to be between $1,145.04 and $1,170.66 for each $1,000 of notes. Investors will receive par if the index falls by up to 10% and lose 1.1111% for every 1% that the index declines beyond 10%.
The exact maturity date and maximum settlement amount will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The Cusip is 22552WBK0.
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