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Credit Suisse plans trigger jump notes linked to Euro Stoxx Banks
By Susanna Moon
Chicago, Dec. 17 – Credit Suisse AG, London Branch plans to price 0% trigger jump securities due July 2, 2020 linked to the Euro Stoxx Banks 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 50%.
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.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management as dealer.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Dec. 28.
The Cusip number is 22549Y156.
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