Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Credit Suisse plans high/low coupon callable notes on Russell, fund
By Jennifer Chiou
New York, Oct. 29 - Credit Suisse AG, Nassau Branch plans to price high/low coupon callable yield notes due Nov. 29, 2011 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
A knock-in event will occur if either underlying component closes at or below 70% of its initial level.
Interest will be payable quarterly. The coupon is expected to be between 14.75% and 16.75% per year unless a knock-in event occurs, in which case the coupon is expected to be 5% for that and each subsequent quarter. The exact coupons will be set at pricing.
The payout at maturity will be par unless a knock-in event has occurred, in which case the payout will be par plus the return of the lower-performing underlying component, up to a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes (Cusip: 22546EF90) are expected to price on Nov. 22 and settle on Nov. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
© 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.