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Credit Suisse plans absolute return buffer notes on Stoxx, EAFE fund
By Susanna Moon
Chicago, Jan. 10 – Credit Suisse AG, London Branch plans to price 0% absolute return buffered securities due July 20, 2020 to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If each underlying asset finishes at or above its initial level, the payout at maturity will be par plus 154.5% of the gain of the worse performing asset.
If either asset falls by up to 15%, the payout will be par plus the absolute value of the return of the worse performing index or fund.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond the 15% buffer.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 15 and settle on Jan. 18.
The Cusip number is 22551LT75.
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