Credit Suisse plans contingent coupon callable yield notes on lululemon

By Angela McDaniels

Tacoma, Wash., April 7 - Credit Suisse AG plans to price contingent coupon callable yield notes due April 11, 2016 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.

Barclays is the agent.

Each quarter, the notes will pay a coupon if lululemon stock closes at or above the barrier price, 70% of the initial share price, on the observation date for that quarter. The coupon rate is expected to be 14.25% per year.

If the final share price is greater than or equal to the barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The notes will be callable at par plus the contingent coupon on any interest payment date.

The notes are expected to price April 8 and settle April 11.

The Cusip number is 22547QLY0.

© 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.