Credit Suisse plans contingent coupon autocallables tied to S&P 500, Russell

By Susanna Moon

Chicago, Dec. 13 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due March 30, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.25% to 9.25% if each index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that month.

The payout at maturity will be par unless either index ever closes below its 75% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

The notes will be called at par if each index closes at or above its initial level on any call date.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Dec. 27 and settle on Dec. 30.

The Cusip number is 22548QP41.

© 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.