Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Apple Inc. > News item |
Credit Suisse plans dual directional capped knock-out notes on Apple
By Susanna Moon
Chicago, Oct. 26 – Credit Suisse AG, London Branch plans to price 0% dual directional capped knock-out notes due Nov. 15, 2017 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout will be par plus the gain up to a maximum return of 8%.
If the stock falls by up to the contingent buffer of 21%, the payout will be par plus the absolute value of the return.
If the stock falls by more than 21%, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on Oct. 28 and settle on Nov. 4.
The Cusip number is 22548QM36.
© 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.