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 9.5%-11.5% autocallable reverse convertibles linked to GameStop
By Susanna Moon
Chicago, Aug. 6 – Credit Suisse AG, London branch plans to price 9.5% to 11.5% autocallable reverse convertible securities due Aug. 22, 2016 linked to the class A common stock of GameStop Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly, with the exact percentage to be set at pricing.
The notes will be called at par if GameStop shares close at or above the initial price on any call review date.
The payout at maturity will be par unless GameStop shares ever close at or below the knock-in level, 70% of the initial level, during the life of the notes and finish below the initial share price, in which case investors will receive a number of GameStop shares equal to $1,000 divided by the initial share price.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 17 and settle on Aug. 20.
The Cusip number is 22546VJL1.
© 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.