Credit Suisse to price contingent coupon autocallables on Intrexon

By Devika Patel

Knoxville, Tenn., April 15 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due April 21, 2017 linked to the common stock of Intrexon Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an expected annual rate of 24% if the stock closes above its coupon barrier level, 50% of its initial price, on the observation date for that month.

The payout at maturity will be par unless the stock finishes below its 50% knock-in level, in which case investors will be fully exposed to any losses.

The notes will be callable at par if the stock closes above its initial price on any interest payment date after July 18, 2016.

Credit Suisse Securities (USA) LLC is the agent.

The notes (Cusip: 22548Q4F9) are expected to price April 18 and settle April 21.

© 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.