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Credit Suisse to price knock-out notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 9 - Credit Suisse AG plans to price 0% knock-out notes due Oct. 17, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
A knock-out event occurs if the final index level is less than the initial level by more than the knock-out buffer amount, which is expected to be 40% and will be set at pricing.
If a knock-out event has not occurred, the payout at maturity will be par plus 160% of any index gain. If the index falls by up to the knock-out buffer, the payout will be par. The exact upside leverage factor will be set at pricing.
Otherwise, investors will be fully exposed to losses.
The notes (Cusip: 22547QCA2) are expected to price on Oct. 11 and settle on Oct. 17.
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