Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for ConocoPhillips Co. > News item |
Credit Suisse to price buffered PLUS tied to basket of 10 stocks
By Sarah Lizee
Olympia, Wash., Feb. 11 – Credit Suisse AG, London Branch plans to price 0% buffered Performance Leveraged Upside Securities due Sept. 2, 2020 linked to an equally-weighted basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the common stocks of Merck & Co., Inc., Cisco Systems, Inc., Procter & Gamble Co., JPMorgan Chase & Co., Coca-Cola Co., Pfizer Inc., ConocoPhillips, Exxon Mobil Corp., Microsoft Corp. and Comcast Corp.
The payout at maturity will be par of $10 plus 1.5 times any basket gain, up to a maximum payment of $11.50 per PLUS.
Investors will receive par if the basket falls by up to 9.1% and will lose 1% for each 1% decline beyond the buffer.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Smith Barney LLC is handling distribution.
The notes will price on Feb. 28.
The Cusip number is 22549Y735.
© 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.