Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx Banks index > News item |
Credit Suisse plans digital barrier notes due 2020 on Euro Stoxx Banks
By Sarah Lizee
Olympia, Wash., Aug. 21 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due Feb. 27, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be the fixed payment of $1,190 per $1,000 of notes. The exact fixed payment will be set at pricing.
If the index declines but finishes at or above its 70% knock-in level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 23 and settle on Aug. 28.
The Cusip number is 22551L5C0.
© 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.