| 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 callable dual range accrual notes on S&P 500
By Susanna Moon
Chicago, Dec. 1 – Credit Suisse AG plans to price callable dual range accrual securities due Dec. 10, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6% for each day that the index closes at or above the accrual barrier, 75% to 80% of the initial index level, and six-month Libor is 5% or less. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning Dec. 10, 2015.
UBS Financial Services Inc. is the distributor.
The notes will price on Dec. 5 and settle on Dec. 10.
The Cusip number is 22547QXC5.
© 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.