Credit Suisse plans trigger phoenix autocallables onRussell, EM index

By Toni Weeks

San Luis Obispo, Calif., April 25 - Credit Suisse AG, London Branch plans to price trigger phoenix autocallable optimization securities due April 30, 2024 linked to the Russell 2000 index and the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.

If each index closes at or above its respective coupon barrier, 70%% of its initial level, on any quarterly observation date, the notes will pay a contingent coupon of 9% for that quarter.

If both indexes close at or above the initial level on any quarterly observation date after one year, the notes will be called at par of $10 plus the contingent coupon.

If the notes are not called, the payout at maturity will be par plus the contingent coupon, if any, unless either index finishes below the 50% trigger level, in which case investors will be fully exposed to the decline of the least-performing index.

The notes (Cusip: 22545F417) are expected to price April 28 and settle April 30.

UBS Financial Services Inc. 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.