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Credit Suisse to price Bares linked to S&P 500, Russell, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Aug. 1 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due Sept. 12, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the Russell 2000 index with a 25% weight and the Euro Stoxx 50 index with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, subject to a maximum return that is expected to be 11.6% and will be set at pricing. Investors will receive par if the basket declines by 5% or less and will lose 1% for each 1% that it may decline beyond 5%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price Aug. 7.
The Cusip number is 22550BEX7.
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