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Credit Suisse plans absolute return barrier notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., March 6 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due March 11, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus at least 167% of the index return.
If the index falls but finishes above the 75% knock-in level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 7.
The Cusip number is 22550WJ40.
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