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Credit Suisse plans accelerated barrier notes tied to S&P 500, Russell
By Tali Rackner
Norfolk, Va., Aug. 31 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Oct. 5, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par of $1,000 plus 155% to 160% of the return of the worst-performing index, with the exact participation rate to be set at pricing.
If either index falls by up to the roughly 50% knock-in level, the payout will be par. The exact knock-in level will be set at pricing.
Otherwise, investors will be fully exposed to any losses of the worst-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Sept. 30 and settle Oct. 5.
The Cusip number is 22546VL79.
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