| 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 callable daily range accrual notes tied to Russell
By Susanna Moon
Chicago, April 13 – Credit Suisse AG, London Branch plans to price callable daily range accrual securities due Oct. 28, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
Interest will accrue at 6.75% annualized for each day that the index closes at or above the 80% accrual barrier. Interest will be payable monthly.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for each 1% decline beyond 20%.
The notes will be callable at par on any interest payment date after one year.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 26.
The Cusip number is 22548QZD0.
© 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.