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 to price market-linked step-up notes tied to S&P 500
By Marisa Wong
Madison, Wis., Feb. 3 - Credit Suisse AG plans to price market-linked step-up notes due February 2016 tied to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above the step-up value - 109% to 115% of the initial level - the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 9% to 15%.
Otherwise, investors will be fully exposed to any losses.
The notes will price in February and settle in March.
BofA 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.