Credit Suisse plans to price autocallable securities on three indexes

By Sarah Lizee

Olympia, Wash., Jan. 31 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due March 7, 2022 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized redemption premium of between 12.5% and 14.5% if each underlying index closes at or above its initial level on any semiannual review date.

If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus the contingent maximum return of between 37.5% and 43.5%. If any index finishes below its initial level but none of the indexes finish below the 70% knock-in level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the least-performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 28.

The Cusip number is 22551LVP2.

© 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.