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Credit Suisse plans three-year trigger jump notes tied to Euro Stoxx 50
By Emma Trincal
New York, Oct. 29 – Credit Suisse AG, London Branch plans to price 0% trigger jump securities due Dec. 3, 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 of $10 plus the greater of the gain and the fixed return of 51.5%.
If the index falls by up to its 80% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Nov. 30 and settle on Dec. 5
The Cusip number is 22549R722.
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