Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Southwest Airlines Co. > News item |
Credit Suisse plans contingent coupon autocallable yield notes on stocks
By Tali Rackner
Minneapolis, Feb. 15 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Feb. 22, 2021 linked to the least performing of the common stocks of Boeing Co., Lowe’s Cos., Inc. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at an annualized rate of 9.1% to 10.1% if each underlying stock closes at or above its 50% coupon barrier level on the related monthly observation date. The exact coupon will be set at pricing.
The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any stock finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses of the least-performing stock.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 16 and settle on Feb. 22.
The Cusip number is 22550WDZ7.
© 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.