Credit Suisse plans contingent coupon autocall yield notes on indexes

By Susanna Moon

Chicago, Oct. 21 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due Oct. 29, 2024 linked to the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon at an annual rate of 9.375% if each index closes at or above its coupon barrier level, 75% of the initial level, on any quarterly observation date.

The notes will be called at par plus the contingent coupon if each index closes at or above the initial level on any quarterly interest payment date beginning on Oct. 25, 2017.

The payout at maturity will be par unless any index finishes below its 60% knock-in level, in which case investors will be fully exposed to the decline of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Oct. 24 and settle on Oct. 29.

The Cusip number is 22547QVA1.

© 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.