Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vanguard FTSE Emerging Markets exchange-traded fund > News item |
Credit Suisse plans trigger performance notes tied to Vanguard EM ETF
By Toni Weeks
San Luis Obispo, Calif., Aug. 5 – Credit Suisse AG, London Branch plans to price 0% trigger performance securities due Aug. 31, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 132% to 142% of the fund return. The exact participation rate will be set at pricing.
If the fund return is zero or negative and the fund’s final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
UBS Financial Services Inc. will act as distributor.
The notes (Cusip: 22548F497) will price Aug. 26 and settle Aug. 31.
© 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.