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 contingent coupon reverse convertible autocalls on stocks
By Sarah Lizee
Olympia, Wash., Oct. 29 – Credit Suisse AG, London Branch plans to price 15% contingent coupon autocallable reverse convertible securities due May 21, 2021 linked to the least performing of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are Amazon.com, Inc., Facebook, Inc., Alphabet Inc. and Netflix, Inc.
Interest is payable quarterly if each stock closes above its coupon barrier, 60% of its initial level, on the related observation date.
The notes will be called at par if the shares of the least performing stock close at or above its initial price on any quarterly trigger observation date.
The payout at maturity will be par unless any of the stocks finishes below its 60% knock-in level, in which case investors will receive a number of shares of the least performing stock equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Nov. 19 and settle on Nov. 21.
The Cusip number is 22549JZC7.
© 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.