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 contingent coupon buffered notes on S&P, Russell
By Marisa Wong
Madison, Wis., March 3 - Credit Suisse AG plans to price contingent coupon callable buffered securities due March 12, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is expected to be 8.15% per year, payable quarterly. Interest will only be paid if each index closes at or above the contingent coupon barrier level, 70% of the initial level, on the observation date for that period.
If the final level of each index is at least 90% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.1111% for every 1% decline in the least-performing index beyond the 10% buffer.
The notes will be callable in whole at par on any interest payment date beginning March 12, 2015.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on March 7 and settle on March 12.
The Cusip number is 22547QK96.
© 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.