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Credit Suisse plans trigger jump securities on Exxon, U.S. Oil Fund
By Devika Patel
Knoxville, Tenn., Dec. 22 – Credit Suisse AG plans to price 0% trigger jump securities due Jan. 9, 2018 linked to the lesser performing of the common stocks of Exxon Mobil Corp. and the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.
If the indexes finish at or above their respective initial levels, the payout at maturity will equal par of $10 plus the upside payment, which is expected to be 13.35% and will be set at pricing.
Investors will receive par if the either index declines by up to 35% and will lose 1% for each 1% that the lesser performing index declines below the 65% trigger level.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes (Cusip: 22549A158) will price on Dec. 23 and settle on Dec. 29.
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