Credit Suisse to price callable contingent income notes on indexes

By Marisa Wong

Morgantown, W.Va., Nov. 27 – Credit Suisse AG, London Branch plans to price callable contingent income securities due June 2, 2020 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 8.4% per year if each index closes at or above its knock-in level, 75% of its initial level, on each trading day during that quarter.

If the lowest-performing index finishes at or above its 75% knock-in level, the payout at maturity will be par plus the final coupon. If the lowest-performing index finishes below its knock-in level, investors will be fully exposed to the decline of the lowest-performing index from its initial level.

The notes will be callable at par on any quarterly call date beginning March 5.

Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price Nov. 28.

The Cusip number is 22550BQG1.

© 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.