| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hang Seng China Enterprises index > News item |
Credit Suisse plans capped knock-out notes linked to Hang Seng basket
By Susanna Moon
Chicago, Sept. 12 - Credit Suisse AG, Nassau Branch plans to price 0% capped knock-out notes due Oct. 4, 2013 linked to a basket of two equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying indexes are the Hang Seng China Enterprises index and the Hang Seng index, and the Hong Kong dollar relative to the U.S. dollar.
A knock-out event occurs if the basket falls by more than 20%, with the exact knock-out level to be set at pricing.
If a knock-out event does not occur, the payout at maturity will be par any basket gain, up to a maximum return of 20% and with a minimum return of par.
Otherwise, the payout at maturity will be par plus the basket return, with exposure to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will be the agents.
The notes will price on Sept. 14 and settle on Sept. 19.
The Cusip number is 22546TZH7.
© 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.