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Credit Suisse to price absolute return barrier notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Jan. 11 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Jan. 23, 2023 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 its initial level, the payout at maturity will be par plus 120.15% of the worse performing index return.
If either index falls by up to its 65% knock-in level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to the decline of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 18.
The Cusip number is 22551LTY6.
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