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 to price autocallable securities on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 2 – Credit Suisse AG, London Branch plans to price autocallable securities due May 16, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on a semiannual observation date, the notes will be called at par plus an automatic redemption premium expected to be 8.5% to 9.5% a year.
The payout at maturity will be par plus of $1,000 plus the 9% contingent minimum return, unless either index closes below its knock-in level, expected to be 75% of its initial level, on any day during the life of the notes, in which case investors will be fully exposed to the loss of the worse performing index.
The notes will price on May 11 and settle on May 16.
Credit Suisse Securities (USA) LLC is the agent.
The Cusip number is 22548Q5S0.
© 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.