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Credit Suisse plans contingent coupon autocallables linked to indexes
By Susanna Moon
Chicago, Dec. 28 – Credit Suisse AG, London branch plans to price contingent coupon autocallable yield notes due May 3, 2018 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 5.5% to 7.5% if each index closes at or above its coupon barrier level, 60% of the initial level, on the observation date for that month.
The notes will be called at par plus the contingent coupon if each index closes above its initial level on
The payout at maturity will be par unless either index closes below its 60% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 31 and settle on Feb. 3.
The Cusip number is 22548QR72.
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