Credit Suisse to price autocallable yield notes on indexes

By Kristen Daniels

New York, Jan. 18 – Credit Suisse AG, London Branch plans to price autocallable yield notes due May 5, 2020 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.5%.

The notes will be called at par if each index closes at or above 105% of its initial level on any of three trigger observation dates: July 31, 2019, Oct. 31, 2019 and Jan. 31, 2020.

The payout at maturity will be par unless any underlying index finishes below its 68% knock-in level, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 22551LUF5.

© 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.