Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
Credit Suisse plans callable Cert PLUS securities on Euro Stoxx 50
By Jennifer Chiou
New York, April 5 - Credit Suisse AG, Nassau Branch plans to price 0% callable Cert PLUS securities due April 25, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
A knock-in event will occur if the index closes at or below 30% of the initial level during the life of the notes.
If the final index level is greater than the initial level, investors will receive par plus 168% of the gain.
If the securities are not called and the final index level is less than the initial level, the payout at maturity will be par plus the index return if a knock-in event has occurred and will be par if a knock-in event has not occurred.
The securities (Cusip: 22546E4Q4) are expected to price on April 20 and settle on April 25.
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.