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Credit Suisse plans trigger jump securities tied to Euro Stoxx Banks
By Devika Patel
Knoxville, Tenn., 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 equal par of $10 plus the upside payment, which is expected to be 32.1% and will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline of the index from its initial level if it finishes below the 80% knock-in level.
Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.
The notes (Cusip: 22549Y156) will price on Dec. 28 and settle on Jan. 4.
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