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 high/low coupon callable notes on Russell, two funds
By Toni Weeks
San Luis Obispo, Calif., Jan. 28 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due May 5, 2014 linked to the Russell 2000 index, the United States Oil Fund, LP and the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if any underlying component falls to or below 65% of its initial level during a quarterly observation period.
If a knock-in event never occurs, the coupon will be 10.5% to 11.5%, with the exact rate to be set at pricing. If a knock-in event occurs during any quarterly observation period, the coupon for that interest period and each subsequent interest period will be 1%. Interest is payable quarterly.
The notes are callable on any interest payment date.
If a knock-in event occurs, the payout at maturity will be par plus the return of the worst-performing component, up to a maximum payout of par. If a knock-in event does not occur, investors will receive par.
The notes (Cusip: 22546TV57) are expected to price Jan. 30 and settle Feb. 4.
Credit Suisse Securities (USA) LLC will be 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.