Credit Suisse plans 6.8%-8.8% airbag autocallables linked to Allergan

By Wendy Van Sickle

Columbus, Ohio, Dec. 7 – Credit Suisse AG, London Branch plans to price 6.8% to 8.8% airbag autocallable yield notes due Dec. 15, 2017 linked to Allergan plc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if Allergan shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Allergan shares equal to $1,000 divided by the conversion price. The conversion price will be 86% of the initial share price.

UBS Financial Services Inc. is the distributor.

The notes will price on Dec. 9 and settle on Dec. 14.

The Cusip number is 22548T810.

© 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.