| 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 changes Cusip of digital barrier notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Sept. 10 - Credit Suisse AG, Nassau Branch changed the Cusip number of its upcoming 0% digital barrier notes due March 28, 2014 linked to the Russell 2000 index and the S&P 500 index to 22546TZG9, according to a 424B2 filing with the Securities and Exchange Commission.
When the offering was announced on Sept. 5, the Cusip number was listed as 22546TYM7.
As previously reported, a knock-in event will occur if the final level of either underlying index is less than or equal to its knock-in level, which is expected to be 70% of its initial level.
The payout at maturity will be par plus the underlying return of the lowest-performing index.
If a knock-in event does not occur, each index's underlying return will be equal to the fixed payment percentage, which is expected to be 11% to 13% and will be set at pricing.
If a knock-in event does occur, each index's underlying return will be equal to its return.
The notes are expected to price Sept. 21 and settle Sept. 28.
Credit Suisse Securities (USA) LLC 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.