| 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 autocallables linked to S&P 500, Russell 2000
By Angela McDaniels
Tacoma, Wash., June 1 – Credit Suisse AG plans to price 0% autocallable securities due June 30, 2017 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 8% per year if each index closes at or above its initial index level on any semiannual observation date.
If the notes are not called and a knock-in event does not occur, the payout at maturity will be par plus 8%. Otherwise, the payout will be par plus the return of the least-performing index, subject to a maximum payout of par.
A knock-in event occurs if either index closes at or below its knock-in level, 70% to 75% of its initial level, on any day during the life of the notes. The exact knock-in levels will be set at pricing.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price June 25 and settle June 30.
The Cusip number is 22546VEK8.
© 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.