Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG, Nassau Branch > News item |
Credit Suisse plans 9%-11% callable yield notes on Russell, gas fund
By Jennifer Chiou
New York, March 31 - Credit Suisse AG, Nassau Branch plans to price 9% to 11% callable yield notes due May 4, 2012 linked to the Russell 2000 index and the U.S. Natural Gas Fund, LP, according to an FWP with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest is payable quarterly.
The notes are callable at par on any interest payment date beginning on Nov. 4, 2011.
The payout at maturity will be par unless either component falls to or below its knock-in level - 65% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing component, up to a maximum payout of par.
The notes (Cusip: 22546E3K8) are expected to price on April 29 and settle on May 4.
Credit Suisse Securities (USA) LLC is the agent.
© 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.