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Credit Suisse plans 18-month knock-out notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 24 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due July 31, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 88.18% of its initial level, the payout at maturity will be par plus the index return with a floor of par.
If the index falls by more than 11.82%, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on Jan. 26.
The Cusip number is 22550WAH0.
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