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Credit Suisse plans airbag performance securities tied to S&P/TSX 60
By Marisa Wong
Madison, Wis., Oct. 7 – Credit Suisse AG plans to price 0% airbag performance securities due Oct. 31, 2019 linked to the S&P/TSX 60 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 plus 142% to 157% of the gain.
If the index return is zero or negative but greater than or equal to the negative 20% threshold percentage, the payout will be par.
If the index falls by more than 20%, investors will lose 1.25% for every 1% index decline beyond 20%.
UBS Financial Services Inc. is the distributor.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 22547T191.
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