| 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 trigger contingent coupon notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 8 – Credit Suisse AG, London Branch plans to price trigger contingent coupon optimization securities due Oct. 31, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the 50% barrier level on a quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 6.1% to 6.45% for that quarter.
If the index finishes at or above the 50% trigger level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to losses.
Credit Suisse Securities (USA) LLC and UBS Financial Services Inc. are the agents.
The notes will price Oct. 27 and settle Oct. 30.
The Cusip number is 22548F711.
© 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.