| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Amazon.com, Inc. > News item |
Credit Suisse plans 8%-10% autocallable reverse convertibles on Amazon
By Susanna Moon
Chicago, May 23 – Credit Suisse AG, London Branch plans to price 8% to 10% autocallable reverse convertible securities due June 12, 2017 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly, with the exact rate to be set at pricing.
The notes will be called at par if the stock closes at or above the initial level on Dec. 7, 2016 or March 7, 2017.
The payout at maturity will be par unless the stock falls and ever closes below the 70% knock-in level during the life of the notes, in which case investors will receive a number of Amazon shares equal to $1,000 divided by the initial level or, at the issuer’s option, the cash equivalent.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 7 and settle on June 10.
The Cusip number is 22545FAC6.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.