Credit Suisse plans callable yield notes on Russell, FTSE/Xinhua ETF

By Marisa Wong

Madison, Wis., April 1 - Credit Suisse AG, Nassau Branch plans to price 7.5% to 8% callable yield notes due Nov. 3, 2014 linked to the Russell 2000 index and the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact rate will be set at pricing.

The notes will be callable at par on any interest payment date beginning June 3.

The payout at maturity will be par unless either underlying component closes below its knock-in level, 70% of its initial level, on any day during the life of the notes, in which case investors will receive par plus the return of the worst-performing underlying component, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes are expected to price April 29 and settle May 2.

The Cusip number is 22546T4U2.

© 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.