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Credit Suisse to price autocallable securities tied to S&P, Euro Stoxx
By Marisa Wong
Morgantown, W.Va., March 19 – Credit Suisse AG, London Branch plans to price 0% autocallable securities due March 23, 2020 linked to the lowest performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium of at least 11% if each underlying index closes at or above its initial level on March 21, 2019.
If each index finishes at or above its 80% knock-in level, the payout at maturity will be par plus 22%. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on March 20.
The Cusip number is 22550WL62.
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