Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG, London Branch > News item |
Credit Suisse plans to price CS notes due 2022 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 4 – Credit Suisse AG, London Branch plans to price 0% CS notes due Feb. 2, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes above the upper barrier, expected to be 124% to 126% of the initial level, or below the lower barrier, expected to be 74% to 76% of the initial level, during the life of the notes. The exact barriers will be set at pricing.
If a barrier event occurs, the payout at maturity will be par plus 5%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return, expected to be capped at $1,240 to $1,260 per $1,000 of notes.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 28.
The Cusip number is 22551LSG6.
© 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.