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Credit Suisse plans three-year trigger gears tied to iShares MSCI EM
By Susanna Moon
Chicago, Oct. 6 – Credit Suisse AG, London branch plans to price 0% trigger gears due Oct. 30, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 42% and 45%. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below its 75% trigger level.
UBS Financial Services Inc. is the distributor.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 22548T323.
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