| 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 barrier absolute return notes linked to S&P 500
By Susanna Moon
Chicago, May 25 – Credit Suisse AG, London Branch plans to price 0% barrier absolute return notes due Nov. 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event will occur if the index closes above the upper barrier or below the lower barrier, each between 17% and 19% of the initial level, during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus the conditional return of 1.5%.
If no barrier event occurs, the payout will be par plus the absolute value of the index return.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on May 29.
The Cusip number is 22550WUH8.
© 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.