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Credit Suisse plans absolute return barrier securities on Russell, S&P
By Sarah Lizee
Olympia, Wash., April 6 – Credit Suisse AG, London Branch plans to price 0% absolute return barrier securities due April 13, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.35 times the gain of the worse performing index.
If each index finishes at or above the 85% knock-in level, the payout will be par plus the absolute value of the worse performing index.
Otherwise, investors will be fully exposed to the loss of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on April 8.
The Cusip number is 22551NXR2.
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