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Credit Suisse to price absolute return barrier notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., March 28 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due April 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 112% to 118% of the index return. The exact upside participation rate will be set at pricing.
If the final index level is less than the initial index level but the index finishes above the knock-in level, 70% of the initial index level, the payout will be par plus the absolute value of the index return.
If the index finishes at or below the knock-in level, investors will be fully exposed to the index’s decline from its initial level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 29.
The Cusip number is 22548QXV2.
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