Credit Suisse plans four-year autocallables on S&P 500, SPDR S&P Oil

By Susanna Moon

Chicago, Sept. 1 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due Sept. 30, 2020 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each component closes at or above its initial level on an annual observation date, the notes will be called at par plus at a premium of 17.4% to 21.4% per year.

The payout will be par plus 10% unless either component finishes at or below the 70% knock-in level, in which case investors will be fully exposed to any losses of the worse performing component.

Credit Suisse Securities (USA) LLC is the agent.

The notes will price on Sept. 23 and settle on Sept. 30.

The Cusip number is 22548QFD2.

© 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.