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Credit Suisse to price autocallable yield notes linked to S&P, Russell
By Tali Rackner
Norfolk, Va., Jan. 13 – Credit Suisse AG, London Branch plans to price autocallable yield notes due April 30, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an expected annual rate of 6.85%.
The notes will be called at par if each index closes at or above its initial level on July 26, 2017, Oct. 26, 2017 or Jan. 26, 2018.
The payout at maturity will be par unless either index fin has closed below its 75% knock-in level any day during the life of the notes, in which case investors will be fully exposed to any losses of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Jan. 26 and settle on Jan. 31.
The Cusip number is 22548QSW6.
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