Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG > News item |
Credit Suisse to price accelerated barrier notes on two indexes
By Toni Weeks
San Luis Obispo, Calif., March 3 - Credit Suisse AG plans to price 0% accelerated barrier notes due April 4, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the lowest-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 140% to 145% of the index return. If the final level of the lowest-performing index is less than the initial level but greater than the knock-in level, the payout will be par. Investors will be fully exposed to losses from the initial level if the lowest-performing index falls below the knock-in level.
The knock-in level is expected to be 60% of the initial level. The exact knock-in level and upside participation rate will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes are expected to price March 31 and settle April 3.
The Cusip number is 22547QJV9.
© 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.