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Credit Suisse plans callable cert plus notes linked to Euro Stoxx 50, iShares MSCI EAFE
By Susanna Moon
Chicago, Feb. 4 - Credit Suisse AG plans to price 0% callable cert plus securities due Feb. 29, 2016 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event occurs if either component finishes at or below its 70% knock-in level.
If the worse performing component finishes above the initial level, the payout at maturity will be par plus 125% of the gain.
If the worse performing component falls but a knock-in event has not occurred, the payout will be par.
Otherwise, the payout will be par plus the return with exposure to any losses.
The notes are callable at par plus a call return of 9% to 11% on March 6, 2015.
Credit Suisse Securities (USA) LLC is the agent.
The notes are expected to price on Feb. 25 and settle on Feb. 28.
The Cusip number is 22547QHC3.
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