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Credit Suisse plans to price buffered accelerated return equity securities on ETF, index
By Emma Trincal
New York, Aug. 19 – Credit Suisse AG, London Branch plans to price 0% buffered accelerated return equity securities due Aug. 24, 2023 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If each asset closes at or above its initial level, the payout at maturity will be par plus 1.55 times the return of the least performing asset.
Investors will receive par if the least-performing asset falls by 10% or less and will lose 1% for every 1% that the worst performer declines beyond 10%.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 20 and settle on Aug. 25.
The Cusip number is 22552XTQ6.
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