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 Bares due 2017 with 5% buffer tied to Russell
By Devika Patel
Knoxville, Tenn., Feb. 26 – Credit Suisse AG, London Branch plans to price 0% Buffered Accelerated Return Equity Securities due June 8, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, subject to a maximum return that is expected to be 21.5% and will be set at pricing.
Investors will receive par if the index falls by up to 5% and lose 1% for every 1% decline beyond 5%.
Credit Suisse Securities (USA) LLC is the agent.
The notes (Cusip: 22546VYB6) will price on March 3 and settle on March 8.
© 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.