Credit Suisse plans contingent coupon autocallable yield notes on index, ETF

By Wendy Van Sickle

Columbus, Ohio, March 15 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 27, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annualized rate of 7.25% if each underlying stock closes at or above its 75% coupon barrier level on the related monthly observation date.

The notes will be called at par if each stock closes at or above its initial level on any monthly observation date after one year.

The payout at maturity will be par unless either underlying asset finishes below its 75% knock-in level, in which case investors will be fully exposed to any losses of the lesser performing asset

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on March 22 and settle on March 27.

The Cusip number is 22550WJQ1.

© 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.