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Credit Suisse plans trigger jump securities on basket of two indexes
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Credit Suisse AG, London Branch plans to price 0% trigger jump securities due Feb. 5, 2024 linked to a basket containing the MSCI Emerging Markets index with a 70% weight and the Tokyo Stock Price index with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the return and the 38.5% upside payment.
If the basket falls by up to 35%, the payout will be par.
If the basket finishes below the 65% knock-in level, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Jan. 31 and settle on Feb. 5.
The Cusip number is 22549E192.
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