Credit Suisse plans six-year Cert PLUS securities on Euro Stoxx 50

By Jennifer Chiou

New York, March 11 - Credit Suisse AG, Nassau Branch plans to price 0% Cert PLUS securities due March 28, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

A knock-in event will occur if the index closes at or below the knock-in level, 30% of the initial level, during the life of the securities.

If the index finishes below the initial level and a knock-in event has not occurred, the payout at maturity will be par plus the contingent minimum return, which is expected to be 18% to 22%.

If the index finishes below the initial level and a knock-in event has occurred, investors will share in any losses.

If the index finishes at or above the initial level and a knock-in event has not occurred, the payout at maturity will be par plus the greater of the contingent minimum return and 145% of the index gain.

If the index finishes at or above the initial level and a knock-in event has occurred, the payout at maturity will be par plus 145% of the index gain.

The notes (Cusip: 22546E2S2) are expected to price on March 23 and settle on March 28.

Credit Suisse Securities (USA) LLC will act as agent.

© 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.