| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Credit Suisse to price autocallable securities tied to Russell, S&P
By Sarah Lizee
Olympia, Wash., Jan. 28 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Feb. 1, 2024 linked to the lowest performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual premium of 11.5% if each underlying index closes at or above its initial level on any annual trigger observation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus a contingent return of 57.5%. If either index falls by up to 40%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 29.
The Cusip number is 22551LUU2.
© 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.