Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Humana Inc. > News item |
Credit Suisse to price buffered return equity notes on stock basket
By Sarah Lizee
Olympia, Wash., May 6 – Credit Suisse AG, London Branch plans to price 0% buffered return equity securities due June 3, 2021 linked to a basket of five stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying stocks are Boston Scientific Corp., Humana Inc., Puma Biotechnology, Inc., Novartis AG and AstraZeneca plc, each with a 20% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par plus 1.5 times the basket return, capped at par plus 30%. If the basket declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 10%.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on May 30.
The Cusip number is 22552FDZ2.
© 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.