Credit Suisse plans 6.4%-7.4% contingent yield trigger autocalls tied to DAXK, Russell

By Susanna Moon

Chicago, Jan. 11 – Credit Suisse AG, London branch plans to price trigger autocallable contingent yield notes due Jan. 18, 2023 linked to the lesser performing of the DAXK index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.4% to 7.4% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes are callable at par on any quarterly review date after one year other than the final date.

The payout at maturity will be par unless either index finishes below its 70% downside threshold, in which case investors will be exposed to any losses of the worse performing asset.

UBS Financial Services Inc. is the distributor.

The notes will price on Jan. 12 and settle on Jan. 18.

The Cusip number is 22549E127.

© 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.