| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tenet Healthcare Corp. > News item |
Credit Suisse plans 10%-12% autocallable reverse convertibles on Tenet
By Marisa Wong
Morgantown, W.Va., Dec. 16 – Credit Suisse AG, London Branch plans to price 10% to 12% autocallable reverse convertible securities due Dec. 23, 2016 linked to the common stock of Tenet Healthcare Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if Tenet shares close at or above the initial share price on June 20, 2016 or Sept. 20, 2016.
The payout at maturity will be par unless Tenet shares close at or below the knock-in price, 60% of the initial share price, on any day during the life of the notes and finish below the initial share price, in which case investors will receive a number of Tenet shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Dec. 18.
The Cusip number is 22546VSH0.
© 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.