Credit Suisse plans contingent coupon autocallables on ETF, two indexes

By Marisa Wong

Morgantown, W.Va., Feb. 1 – Credit Suisse AG, London Branch plans to price contingent coupon autocallable yield notes due May 7, 2019 linked to the least performing of Russell 2000 index, the Dow Jones industrial average and the SPDR S&P Metals & Mining exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 8% if each underlying component closes at or above its 70% coupon barrier on the related quarterly observation date.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any underlying component finishes below its initial level and any underlying component closes below the 60% knock-in level on any day during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Feb. 2.

The Cusip number is 22550WD46.

© 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.