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Credit Suisse to price digital barrier notes due 2020 on index, ETF
By Sarah Lizee
Olympia, Wash., Sept. 4 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due March 30, 2020 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying finishes at or above its 75% knock-in level, the payout at maturity will be par plus the fixed return of 13% to 14%.
Otherwise, investors will be fully exposed to any losses of the worse performing asset.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 21 and settle on Sept. 28.
The Cusip number is 22551LAD2.
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