Credit Suisse plans high/low coupon callable notes on EM, Brazil funds

By Susanna Moon

Chicago, March 28 - Credit Suisse AG, London Branch plans to price high/low coupon callable yield notes due July 30, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund and the iShares MSCI Brazil Capped ETF, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-in event occurs if either underlying fund closes at or below 70% of its initial level on any day during the life of the notes.

If a knock-in event never occurs, the coupon will be 8.5% to 10.5%, with the exact rate to be set at pricing. If a knock-in event occurs during any quarterly observation period, the coupon for that interest period and each subsequent interest period will be 1%. Interest is payable quarterly.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless a knock-in event occurs, in which case investors will receive par plus the return of the worst performing component, up to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 22547QLH7.

© 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.