Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Credit Suisse plans digital plus buffered notes linked to Euro Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 20 – Credit Suisse AG, London Branch plans to price 0% digital plus buffered notes due Aug. 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index gain and a fixed payment percentage, which is expected to be 42% and will be set at pricing.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% beyond the 20% buffer.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22551L4W7) will price on Aug. 23 and settle on Aug. 28.
© 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.