Credit Suisse plans uncapped knock-out notes linked to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Feb. 17 – Credit Suisse AG, London branch, plans to price 0% uncapped knock-out notes due Aug. 23, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange.

A knock-out event will occur if the index finishes below its initial level by more than the knock-out buffer amount. The knock-out buffer amount is expected to be 30.4% and will be set at pricing.

If a knock-out event has not occurred, the payout at maturity will be par plus the index return. If the index return is less than or equal to zero, investors will receive par.

If a knock-out event has occurred, investors will be exposed to the decline.

J.P. Morgan is the agent.

The notes (Cusip: 22546VX76) are expected to price Feb. 19 and settle Feb. 24.

© 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.