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Credit Suisse plans absolute return barrier notes on the Dow, Russell
By Susanna Moon
Chicago, Dec. 11 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due Dec. 31, 2021 linked to the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 140% to 150% of the worse performing index.
If either index falls by up to its 70% knock-in level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will receive par plus the return of the worse performing index with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Dec. 28.
The Cusip number is 22550BRD7.
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