| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Facebook, Inc. > News item |
Credit Suisse plans 10% callable yield notes on Facebook, LinkedIn
By Marisa Wong
Madison, Wis., May 10 - Credit Suisse AG, Nassau Branch plans to price 10% callable yield notes due Nov. 24, 2014 linked to the common stock of Facebook, Inc. and the common stock of LinkedIn Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be callable at par plus the contingent coupon on any interest payment date.
The payout at maturity will be par unless either stock ever closes at or below its knock-in price during the life of the notes, in which case investors will be fully exposed to any losses of the worst-performing stock. The knock-in price will be 50% to 53% of the initial level, with the exact percentage to be set at pricing.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on May 17 and settle on May 22.
The Cusip number is 22547Q2E5.
© 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.