| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for FTSE 100 index > News item |
Credit Suisse plans leveraged buffered notes linked to index basket
By Toni Weeks
San Luis Obispo, Calif., April 23 – Credit Suisse AG, London Branch plans to price 25- to 28-month 0% leveraged buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return, subject to a maximum settlement amount of $1,259 to $1,301 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the basket declines by up to 15% and will lose 1.17647% for each 1% decline in the basket beyond the 15% buffer.
The notes (Cusip: 22546VAY2) are expected to price April 24.
Credit Suisse Securities (USA) LLC is the agent.
© 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.