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Credit Suisse to price accelerated barrier notes linked to index, ETF
By Marisa Wong
Morgantown, W.Va., Jan. 22 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Jan. 28, 2021 linked to the Russell 2000 index and the PowerShares QQQ Trust, Series 1, according to a 424B2 filed with the Securities and Exchange Commission.
If each underlying finishes at or above its initial level, the payout at maturity will be par plus 265% of the return of the worse-performing asset, up to an underlying return cap of 30%. The exact upside participation rate and cap will be set at pricing.
If either underlying falls but neither finishes below its 50% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse-performing underlying.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 23.
The Cusip number is 22550WA98.
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