Credit Suisse plans autocallable yield notes linked to Russell, S&P

By Angela McDaniels

Tacoma, Wash., Feb. 29 – Credit Suisse AG, London Branch plans to price 8% to 10% autocallable yield notes due April 5, 2017 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will be called at par if each index closes at or above its initial level on Sept. 30, 2016 or Dec. 30, 2016.

The payout at maturity will be par unless either index closes at or below its knock-in level, 75% of its initial level, during the life of the notes, in which case the payout will be par plus the return of the lesser-performing index, subject to a maximum payout of par.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price March 31.

The Cusip number is 22546VXV3.

© 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.