| 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 autocallable notes tied to S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., Oct. 8 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Oct. 30, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 9.5% 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 each index finishes above its knock-in level, 75% of its initial level, the payout at maturity will be par plus 9.5%. If either index finishes at or below its knock-in level, investors will be fully exposed to the decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price Oct. 27 and settle Oct. 30.
The Cusip number is 22546VMQ6.
© 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.