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 15.5% contingent coupon autocalls on tech stocks
New York, April 18 – Credit Suisse AG, London Branch plans to price 15.5% contingent coupon autocallable yield notes due Oct. 30, 2020 linked to the lowest performing of the common stocks of Amazon.com Inc., Facebook, Inc. (class A), Alphabet, Inc. (class C) and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 15.5% if each stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any stock closes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 22550WQ59.
© 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.