Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HP Inc. > News item |
Credit Suisse plans trigger autocallable contingent yield notes on HP
By Sarah Lizee
Olympia, Wash., Sept. 13 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due Sept. 20, 2021 linked to the common stock of HP Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at a rate of at least 8% per year if the shares close at or above the coupon barrier, 67% to 70% of the initial share price, on the observation date for that quarter.
The notes will be automatically called at par of $10 if the shares close at or above the initial share price on any quarterly observation date after the first six months.
If the notes are not called and the final share price is greater than or equal to the 67% to 70% downside threshold level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
UBS Financial Services Inc. will act as distributor.
The notes will price on Sept. 14 and settle on Sept. 19.
The Cusip number is 22549R409.
© 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.