Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Credit Suisse plans 7%-8% callable yield notes linked to two indexes
By Susanna Moon
Chicago, May 30 - Credit Suisse AG, Nassau Branch plans to price 7% to 8% callable yield notes due Sept. 30, 2013 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly. The exact coupon will be set at pricing.
The notes are callable at par on any interest payment date.
A knock-in event occurs if either index finishes at or below the 70% knock-in level.
The payout at maturity will be par unless either index falls to or below its trigger level, in which case investors will receive par plus the return of the worst-performing index.
Credit Suisse Securities (USA) LLC will be the agent.
The notes will price on June 22 and settle on June 29.
The Cusip number is 22546TUA7.
© 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.