Credit Suisse intends to price CS notes due 2024 linked to the Dow

By Sarah Lizee

Olympia, Wash., April 4 – Credit Suisse AG, London Branch plans to price 0% CS notes due May 3, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to the initial level, the payout at maturity will be par plus 150% of the return of the index, capped at par plus 43% to 48%.

If the final level is less than the initial level but greater than the threshold level, 95% of the initial level, investors will lose 1% for each 1% decline of the index from its initial level.

If the final level is equal to or less than the threshold level, investors will receive $950 for each $1,000 principal amount

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on April 30.

The Cusip number is 22552FA44.

© 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.