Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Biotech exchange-traded fund > News item |
Credit Suisse plans contingent coupon callable notes on index, fund
By Susanna Moon
Chicago, Dec. 1 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Dec. 30, 2019 linked to the S&P 500 index and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% to 12% if each underlying component closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.
The notes are callable at par on any coupon payment date beginning June 30, 2017.
The payout at maturity will be par unless either component finishes below its knock-in level, 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing component.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Dec. 27 and settle on Dec. 30.
The Cusip number is 22548QQ24.
© 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.