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 digital plus barrier notes tied to S&P, Russell
By Susanna Moon
Chicago, Dec. 5 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Dec. 30, 2021 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the 55% to 60% fixed return and the gain of the worse performing index. The exact digital return will be set at pricing.
If either index falls but each index finishes above its 70% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 22548QPC3.
© 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.