Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valeant Pharmaceuticals International Inc. > News item |
Credit Suisse to price capped knock-out notes linked to Valeant
By Marisa Wong
Madison, Wis., April 15 – Credit Suisse AG plans to price 0% capped knock-out notes due May 4, 2016 linked to Valeant Pharmaceuticals International, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event occurs if the final share price is less than the initial price by more than the knock-out buffer, which is expected to be 30%.
If a knock-out event does not occur, the payout at maturity will be par plus any index gain, up to a cap that is expected to be 28%.
Otherwise, the payout at maturity will be par plus the stock return, with exposure to any losses.
The exact terms will be set at pricing.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
The notes are expected to price April 17 and settle April 22.
The Cusip number is 22546VBX3.
© 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.