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 outperformance notes linked to two S&P 500 indexes
By Angela McDaniels
Tacoma, Wash., Jan. 6 - Credit Suisse, Nassau Branch plans to price 0% outperformance notes due April 13, 2010 linked to the S&P 500 Diversified Financial Services Industry index and the S&P 500 Consumer Finance Industry index, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. and JPMorgan Chase Bank, NA are the agents.
The payout at maturity will be 99.1% of par multiplied by the sum of one plus the return of the financial services index minus the return of the consumer finance index.
For each index, the return will be a) its final level minus its initial level plus the sum of the dividends paid on its underlying stocks during the life of the notes, weighted in the same proportion as the stocks are weighted in the index, divided by b) the initial level.
The notes are expected to price Jan. 8 and settle Jan. 13.
© 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.