Credit Suisse to price 54-week call warrants linked to 20 stocks

By Marisa Wong

Morgantown, W.Va., Feb. 8 – Credit Suisse AG, Nassau Branch plans to price 0% call warrants expiring Feb. 27, 2019 linked to a basket of 20 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of Comerica Inc., First Republic Bank, KeyCorp, SVB Financial Group, Biogen Inc., BioMarin Pharmaceutical Inc., WellCare Health Plans, Inc., Vertex Pharmaceuticals, Pfizer Inc., Fortive Corp., Kennametal Inc., Terex Corp., Textron Inc., Palo Alto Networks, Inc., Twitter, Inc., ON Semiconductor Corp., Xilinx, Inc., Akamai Technologies, Inc., LogMeIn, Inc. and DowDuPont Inc.

The warrants will have a notional amount of $1,000 each and are expected to be sold at $83.50 each, or 8.35% of the notional amount. The minimum purchase requirement will be 120 warrants.

The warrants will be automatically exercised on the expiration date. If the final basket level is greater than the call strike threshold, 105% of the initial basket level, the cash settlement amount per warrant will be $1,000 multiplied by the difference of the basket return minus 5%. If the final basket level is less than or equal to the call strike threshold, the cash settlement amount will be zero.

If basket return is less than 13.35%, investors will lose some of their investment; and if the basket return is less than 5%, investors will lose all of their investment.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The warrants will price on Feb. 9.

The Cusip number is 22539T175.

© 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.