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Credit Suisse plans trigger step performance notes linked to Stoxx 50
By Susanna Moon
Chicago, Jan. 7 – Credit Suisse AG, London branch plans to price 0% trigger performance securities due Jan. 31, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of any index gain and the step return of 43% to 47%, with the exact percentage to be set at pricing.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the underwriter. UBS Financial Services Inc. is agent.
The notes will price on Jan. 27 and settle on Jan. 29.
The Cusip number is 22548J390.
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