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Credit Suisse plans contingent 8.7%-9.7% callables on Russell, Stoxx
By Susanna Moon
Chicago, July 18 – Credit Suisse AG, London Branch plans to price contingent coupon callable yield notes due July 27, 2021 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.7% to 9.7% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes are callable on any review date after six months.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on July 20.
The Cusip number is 22550BUP6.
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