Credit Suisse plans 9% contingent coupon autocalls on indexes, fund

By Susanna Moon

Chicago, Oct. 9 – Credit Suisse AG, London branch plans to price autocallable contingent coupon equity-linked securities due July 15, 2020 linked to the least performing of the Russell 2000 index, the Euro Stoxx Banks index and the Invesco QQQ Trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% if each index closes at or above its 70% coupon barrier on each day during that quarter.

The notes will be called at par if each index closes at or above its initial level on any review date after one year.

The payout at maturity will be par unless any asset closes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index or fund.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 10.

The Cusip number is 22551LF21.

© 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.