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Credit Suisse plans accelerated barrier notes tied to S&P 500, Russell
By Susanna Moon
Chicago, Sept. 29 – Credit Suisse AG, London branch plans to price 0% accelerated barrier notes due Nov. 4, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus 155% to 160% of the gain of the worse performing index. The exact upside participation rate will be set at pricing.
If each index falls by up to the 50% knock-in level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 30 and settle on Nov. 4.
The Cusip number is 22546VMS2.
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