Credit Suisse aims to sell knock-out notes tied to Russell 2000 index

By Devika Patel

Knoxville, Tenn., Feb. 1 – Credit Suisse AG, London Branch, will price 0% knock-out notes due May 9, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.

A knock-out event will occur if the index finishes below its initial level by more than the knock-out buffer amount. The knock-out buffer amount is expected to be 15% and will be set at pricing.

If a knock-out event has not occurred, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 10.7% and will be set at pricing.

If a knock-out event has occurred, investors will lose 1% for each 1% decline.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 22548QUH6) are expected to price Feb. 3 and settle Feb. 8.

© 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.