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Credit Suisse plans CS autocallable notes tied to US Balanced 5% ER
By Sarah Lizee
Olympia, Wash., Sept. 5 – Credit Suisse AG, London Branch plans to price 0% CS autocallable notes due Sept. 11, 2024 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The notes will be called at par plus an annual call premium of 5.5% if the asset closes at or above its call level on any annual call valuation date.
The call level will start at 101.9% of the initial level for the first observation date and step up by 190 basis points each year to a final call level of 107.6% of the initial level on Sept. 6, 2023.
If the notes are not called and the index finishes above 109.5% of the initial level, the payout will be par.
Otherwise, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 6.
The Cusip number is 22552FWA6.
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