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 contingent coupon notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., April 23 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due May 3, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes pay a contingent coupon at the expected rate of 6.5% per year if each index closes at or above its knock-in level, 55% of its initial level, on the observation date for that quarter.
Beginning Nov. 4, 2019, the notes are callable at par quarterly.
The payout at maturity will be par unless either index finishes below its knock-in level, in which case investors will be exposed to the decline of the lesser-performing index from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price April 26.
The Cusip number is 22552FBB7.
© 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.