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Credit Suisse plans accelerated barrier notes linked to index, fund
By Susanna Moon
Chicago, July 31 – Credit Suisse AG plans to price 0% accelerated barrier notes due Sept. 4, 2018 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing component finishes at or above its initial level, the payout at maturity will be par plus 200% to 210% of the return of the worst performing component. The exact participation rate will be set at pricing.
If the worst performing component falls by up to its knock-in level, 70% of its initial level, the payout will be par.
If the worst performing component finishes below its knock-in level, investors will be fully exposed to any losses of the worst performing component.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Aug. 29 and settle on Sept. 4.
The Cusip number is 22547QRG3.
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