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Credit Suisse eyes contingent coupon callable yield notes on Energy Transfer
By Sarah Lizee
Olympia, Wash., Sept. 24 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due Sept. 30, 2021 linked to the common stock of Energy Transfer LP, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly contingent coupon at an annual rate of 10% if the stock closes at or above its coupon barrier, 60% of its initial level, on the observation date for that period.
Credit Suisse may redeem the notes at par on any payment date.
The payout at maturity will be par unless the stock finishes below its 60% knock-in level, in which case investors will be fully exposed to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Sept. 27.
The Cusip number is 22549J2H2.
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