Credit Suisse Record Oil-Linked Note Sale Adds to Index Allure

Credit Suisse Group AG sold a record $120.3 million of structured notes tied to an index of energy companies, leading a surge in issuance as investors gain confidence the industry can cope with crude prices that have roiled markets.

Banks have sold $922.4 million of notes tied to the S&P Oil & Gas Exploration and Production Select Industry Index over the past 12 months, including $216.4 million in 2015, according to data compiled by Bloomberg. That makes it this year’s sixth most-popular type of structured note. Credit Suisse’s sale of two-year notes on Feb. 26 was the largest tied to the index since at least 2010, the data show.