| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG, London Branch > News item |
Credit Suisse plans 9%-10% reverse convertible securities on Boeing
By Emma Trincal
New York, June 1 – Credit Suisse AG, London Branch plans to price 9% to 10% reverse convertible securities due June 16, 2021 linked to the performance of the common shares of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the stock finishes below its knock-in price, 50% of its initial share price, in which case investors will receive a number of shares equal to $1,000 divided by that stock’s initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 11.
The Cusip number is 22550MFH7.
© 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.