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 step-up autocallables linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Dec. 24 - Credit Suisse AG plans to price 0% autocallable market-linked step-up notes due January 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% per year if the index closes at or above the initial level on any annual observation date.
If the notes are not called and the index finishes above the step-up value - 124% to 130% of the initial level - the payout at maturity will be par of $10 plus the index return.
If the index finishes at or above the initial level but is less than or equal to the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 24% to 30%.
Investors will be fully exposed to any decline in the index.
The exact terms will be set at pricing.
The notes are expected to price in January and settle in February.
BofA Merrill Lynch is the agent.
© 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.