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Credit Suisse plans trigger jump securities due 2018 linked to Apple
By Tali Rackner
Norfolk, Va., June 23 – Credit Suisse AG plans to price 0% trigger jump securities due July 5, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Apple finishes at or above its initial level, the payout at maturity will equal par of $10 plus the greater of the return and the upside payment 30%.
Investors will receive par if Apple shares fall by up to 20% and will be fully exposed to any losses if the stock finishes below the 80% knock-in level.
Credit Suisse Securities (USA) LLC is the agent. Morgan Stanley Wealth Management is handling distribution
The notes will price on June 30 and settle on July 6.
The Cusip number is 22548R616.
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