E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/29/2010 in the Prospect News Structured Products Daily.

Credit Suisse plans to price 8%-10% callable yield notes on Russell 2000, Market Vectors Gold

By Marisa Wong

Madison, Wis., Sept. 29 - Credit Suisse AG, Nassau Branch plans to price 8% to 10% callable yield notes due Oct. 31, 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.

Interest is payable quarterly. The exact coupon will be set at pricing.

The notes are callable at par on any interest payment date.

The payout at maturity will be par unless either the index or fund falls to or below its knock-in level - 65% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worse-performing component, up to a maximum payout of par.

The notes (Cusip: 22546EA95) will price on Oct. 26 and settle on Oct. 29.

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.