| 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 daily range accrual notes linked to Russell 2000
By Jennifer Chiou
New York, Aug. 31 - Credit Suisse AG, Nassau Branch plans to price daily range accrual notes due Sept. 25, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6.25% to 6.75% per year multiplied by the proportion of days on which the Russell 2000 closes between 60% and 140% of the initial level. Interest, if any, will be payable quarterly.
A knock-in event will occur if the final index level is less than the 60% of the initial level.
If a knock-in event occurs, investors will share in any losses. Otherwise, the payout at maturity will be par.
The notes (Cusip: 22546TYK1) are expected to price on Sept. 20 and settle on Sept. 25.
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.