Credit Suisse plans 11.5% autocallable reverse convertibles linked to Aruba Networks

By Susanna Moon

Chicago, April 23 - Credit Suisse AG plans to price 11.5% autocallable reverse convertible notes due May 6, 2015 linked to Aruba Networks, Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if the stock closes at or above the initial share price on any quarterly call date.

The payout at maturity will be par unless Aruba Networks stock closes at or below the 60% trigger level during the life of the notes and finishes below the initial share price, in which case the payout will be a number of Aruba Networks shares equal to $1,000 divided by the initial share price.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on May 1 and settle on May 6.

The Cusip number is 22547QMB9.

© 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.