Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Credit Suisse AG, Nassau Branch > News item |
Credit Suisse plans 8%-10% callable yield notes linked to three benchmarks
By Angela McDaniels
Tacoma, Wash., Dec. 3 - Credit Suisse, Nassau Branch plans to price callable yield notes due June 29, 2010 linked to the iShares MSCI Emerging Markets index fund, Russell 2000 index and S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will carry an annualized coupon of 8% to 10%, with the exact rate to be set at pricing. Interest will be payable on March 1, 2010, May 1, 2010 and at maturity.
The payout at maturity will be par unless any benchmark falls to or below its knock-in level - 75% of its initial level - during the life of the notes, in which case investors will receive par plus the return of the worst-performing benchmark, capped at a maximum payout of par.
The notes will be callable at par on any interest payment date.
The notes are expected to price Dec. 23 and settle Dec. 29.
Credit Suisse Securities (USA) LLC is the underwriter.
© 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.