Credit Suisse to price autocallables linked to Euro Stoxx, Hang Seng

By Angela McDaniels

Tacoma, Wash., Jan. 25 - Credit Suisse AG, Nassau Branch plans to price three-year 0% autocallable securities linked to the Euro Stoxx 50 index and the Hang Seng China Enterprises index via Barclays, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes close at or above their trigger levels on any of three annual review dates, the notes will be called at par plus a premium that is expected to be 16% per year. The trigger level of each index is expected to be 100% of its initial level.

If the notes are not called and either index finishes below its knock-in level, the payout at maturity will be par plus the return of the least-performing index. Otherwise, the payout will be par. The knock-in level of each index is expected to be 70% of its initial level.

The notes are expected to price in January.

The Cusip number is 22546TV65.

© 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.