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Credit Suisse eyes accelerated barrier notes tied to S&P, Russell
By Lisa Mayntz
Chicago, Feb. 22 – Credit Suisse AG, London Branch plans to price accelerated barrier notes due Feb. 28, 2021 linked to the lowest performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus between 170% and 180% of the gain. The exact upside participation rate will be set at pricing.
If the lesser-performing index falls but finishes at or above its expected 60% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 22548QU86.
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