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Credit Suisse to price PLUS linked to basket of four BRIC ETFs
By Marisa Wong
Los Angeles, Feb. 22 – Credit Suisse AG, London Branch plans to price 0% Performance Leveraged Upside Securities due April 7, 2022 linked to a basket of four exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the iShares MSCI Brazil ETF, the iShares China Large-Cap ETF, the iShares MSCI India ETF and the VanEck Vectors Russia ETF.
The payout at maturity will be par of $10 plus triple any basket gain, capped at $12.15 per PLUS.
Investors will be fully exposed to any basket decline.
Credit Suisse Securities (USA) LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
The notes will price on March 2.
The Cusip number is 22551F566.
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