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Credit Suisse plans accelerated barrier notes linked to index, fund
By Susanna Moon
Chicago, Aug. 5 – Credit Suisse AG plans to price 0% accelerated barrier notes due Aug. 27, 2019 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 index finishes at or above its initial level, the payout at maturity will be par plus 245% to 250% of the return of the worst performing index. The exact participation rate will be set at pricing.
If the worst performing index falls by up to its knock-in level, 60% of its initial level, the payout will be par.
If the worst performing index finishes below its knock-in level, investors will be fully exposed to any losses of the worst performing index.
Credit Suisse Securities (USA) LLC is the underwriter.
The notes will price on Aug. 22 and settle on Aug. 27.
The Cusip number is 22547QRX6.
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