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Credit Suisse plans one-year knock-out notes tied to Russell 2000
By Susanna Moon
Chicago, July 25 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due Aug. 14, 2019 linked to the Russell 2000 index according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain up to a maximum return of 12%.
If the index falls by up to 20%, the payout will be par.
If the index falls by more than the knock-out buffer, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price on July 27.
The Cusip number is 22550BWD1.
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