Credit Suisse to price trigger autocallables on Russell, Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Sept. 12 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 19, 2022 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its coupon barrier, 70% of its initial level, on a quarterly observation date, the notes will pay a contingent coupon for that quarter at an annual rate of at least 6.25%.

After one year, the notes will be called at par if each index closes at or above its initial level on any quarterly observation date prior to maturity.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold, 50% of the initial level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

UBS Financial Services Inc. is acting as distributor.

The notes will price on Sept. 13.

The Cusip number is 22549D210.

© 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.