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Credit Suisse plans trigger performance notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 30 – Credit Suisse AG, London Branch plans to price 0% trigger performance securities due Dec. 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 132% to 142% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.
UBS Financial Services Inc. will act as distributor.
The notes will price Dec. 28.
The Cusip number is 22548J150.
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