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 plans autocallable reverse convertibles on Pitney Bowes
By Marisa Wong
Madison, Wis., May 2 - Credit Suisse AG plans to price 9.55% autocallable reverse convertible notes due May 15, 2015 linked to the common stock of Pitney Bowes Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Pitney Bowes shares close at or above the initial share price on Nov. 12, 2014 or Feb. 11, 2015.
The payout at maturity will be par unless Pitney Bowes shares close at or below the knock-in price, 70% of the initial share price, during the life of the notes and finish below the initial share price, in which case the payout will be a number of Pitney Bowes shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price May 12 and settle May 15.
The Cusip number is 22547QMV5.
© 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.