| 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 down trigger autocalls tied to Stoxx, S&P 500
By Susanna Moon
Chicago, June 13 – Credit Suisse AG, London branch plans to price 0% step down trigger autocallable notes due June 30, 2023 linked to the worse performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 10.3% to 11.3% if each index closes at or above its initial level on any annual review date after one year or at or above its 70% downside threshold on the final date.
If the notes are not called, the payout at maturity will be par plus the return of the worse performing index with full exposure to any losses.
UBS Financial Services Inc. and Credit Suisse Securities (USA) LLC are the agents.
The notes will price on June 27 and settle on June 29.
The Cusip number is 22549M707.
© 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.