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Credit Suisse plans jump securities tied to S&P 500 value over growth
By Susanna Moon
Chicago, Oct. 26 – Credit Suisse AG, London branch plans to price 0% jump securities due Nov. 11, 2019 linked to the relative performance of the S&P 500 Value index over the S&P 500 Growth index, according to a 424B2 filed with the Securities and Exchange Commission.
If the return of the value index finishes at or above the return of the growth index, the payout at maturity will be par plus at least 12%.
Investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 30 and settle on Nov. 2.
The Cusip number is 22549R623.
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