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 tied to S&P 500, SPDR S&P Oil & Gas
By Susanna Moon
Chicago, June 2 – Credit Suisse AG plans to price 0% autocallable securities due June 26, 2019 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 14% to 16% if each component closes at or above its initial index level on any annual observation date.
If each component finishes at or above the 70% trigger level, the payout at maturity will be par plus the contingent minimum return of 10%.
Otherwise, the payout will be par plus the return of the worse performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on June 19 and settle on June 26.
The Cusip number is 22546VEE2.
© 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.