Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SPDR S&P Oil & Gas Exploration & Production ETF > News item |
Credit Suisse eyes contingent coupon callable yield notes on indexes, ETF
By Sarah Lizee
Olympia, Wash., Jan. 29 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Feb. 7, 2023 linked to the least performing of the S&P 500 index, the SPDR S&P Oil & Gas Exploration & Production ETF and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8.15% if each underlying asset closes at or above its coupon barrier level, 60% of its initial level, on the related observation date.
Credit Suisse may call the notes in whole but not in part at par on any quarterly observation date beginning Feb. 7, 2020.
The payout at maturity will be par unless any asset finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses of the least-performing asset.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 4.
The Cusip number is 22551LUQ1.
© 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.