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Credit Suisse eyes contingent coupon buffered callable yield notes on index, ETF
By Sarah Lizee
Olympia, Wash., Jan. 23 – Credit Suisse AG, London Branch plans to price contingent coupon buffered callable yield notes due July 30, 2021 linked to the lowest performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 9% if each asset closes at or above its coupon barrier level, 85% of its initial level, on a monthly observation date.
The notes are callable at par on any quarterly redemption date beginning July 31, 2019.
The payout at maturity will be par unless either asset finishes below its 85% buffer, in which case investors will lose 1% for each 1% decline of the lesser-performing asset beyond the buffer.
Incapital LLC is the agent.
The notes will price on Jan. 28.
The Cusip number is 22551LUH1.
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