E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/22/2012 in the Prospect News Structured Products Daily.

Credit Suisse changes dates for call warrants linked to Asian indexes

By Angela McDaniels

Tacoma, Wash., Aug. 22 - Credit Suisse AG, Nassau Branch changed the dates of the call warrants linked to a basket of indexes that it plans to price through Barclays, according to an amended 424B2 filing with the Securities and Exchange Commission.

The warrants are expected to price Sept. 12, settle Sept. 17 and expire Sept. 17, 2015. Previously, they were expected to price Aug. 28, settle Aug. 31 and expire Aug. 31, 2015.

As previously reported, the basket includes equal weights of the Hang Seng China Enterprises index, the Korea Stock Price Index 200, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.

The notional amount is $1,000 per warrant. The issue price will be between $106.50 and $126.50 per warrant, which is equal to 10.65% to 12.65% of the notional amount.

The warrants will be exercised automatically on the expiration date, and investors will receive the cash settlement value.

If the final basket level is greater than the initial basket level, the cash settlement value will be $1,000 multiplied by the basket return. If the final basket level is less than or equal to the initial basket level, the cash settlement value will be zero and the warrants will expire worthless.

The Cusip number is 22539T308.


© 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.