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Credit Suisse intends to price PLUS due 2019 tied to S&P 500 index
By Sarah Lizee
Olympia, Wash., Oct. 15 – Credit Suisse AG, London branch, plans to price 0% Performance Leveraged Upside Securities due July 22, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum payment of $11.025 per PLUS.
Investors will lose 1% for each 1% decline.
Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on Oct. 17.
The Cusip number is 22549R607.
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