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Credit Suisse eyes absolute return buffered securities on Stoxx
By Sarah Lizee
Olympia, Wash., Aug. 26 – Credit Suisse AG, London Branch plans to price 0% absolute return buffered securities due Sept. 2, 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 the return, capped at par plus 15%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 30.
The Cusip number is 22552FU67.
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