Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Credit Suisse plans one-year Stars tied to S&P 500 via Bank of America
By Toni Weeks
San Diego, Nov. 9 - Credit Suisse AG, Nassau Branch plans to price 0% Strategic Accelerated Redemption Securities due December 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on any of three observation dates, the notes will be called at par of $10 plus an annualized call premium of 7% to 11%. The observation dates are in May, August and December of 2013. The exact call premium will be determined at pricing.
If the notes are not called and the final index value is at least 95% of the initial value, the payout at maturity will be par. Investors will be exposed to losses beyond the 5% buffer.
The notes are expected to price In November and settle in December.
Bank of America Merrill Lynch is the agent.
© 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.