Credit Suisse plans contingent coupon callable notes on Russell, S&P

By Marisa Wong

Morgantown, W.Va., Nov. 14 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Nov. 30, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its coupon barrier, 50% of its initial level, on the observation date for the applicable month.

After one year, the notes are callable at par on any quarterly call date.

The payout at maturity will be par unless either index finishes below its 50% knock-in level, in which case the payout will be par plus the return of the worse performing index, with full exposure to losses.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price Nov. 23 and settle on Nov. 29.

The Cusip number is 22548QMT9.

© 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.