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Credit Suisse plans accelerated barrier notes linked to Dow, Russell
By Tali Rackner
Minneapolis, Aug. 22 – Credit Suisse AG, London Branch plans to price 0% accelerated barrier notes due Sept. 1, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.3 times to 1.4 times of the return of the lesser-performing index. The exact upside participation rate will be set at pricing.
If either index falls by up to the 50% knock-in level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 22550BEF6.
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