E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/22/2017 in the Prospect News Structured Products Daily.

Credit Suisse plans Accelerated Return Notes tied to JPX-Nikkei

By Marisa Wong

Morgantown, W.Va., May 22 – Credit Suisse AG, London Branch plans to price 0% Accelerated Return Notes due July 2018 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be between 13% and 17% and will be set at pricing. Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

The notes will price in May and settle in June.


© 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.