| 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 Stars tied to S&P 500 index via Merrill Lynch
By Jennifer Chiou
New York, Feb. 22 - Credit Suisse AG, Nassau Branch plans to price 0% Strategic Accelerated Redemption Securities due April 2014 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
BofA Merrill Lynch is the agent.
If the index closes at or above its initial level on any quarterly observation date, the notes will be called at par of $10 plus an annualized call premium of 6% to 11%. The exact call premium will be set at pricing. The call dates will be in October 2013, January 2014 and April 2014.
If the notes are not called, the payout at maturity will be par with exposure to any losses.
The notes are expected to price in March and settle in April.
© 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.