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Credit Suisse plans to price knock-out notes linked to Amazon.com
By Angela McDaniels
Tacoma, Wash., June 11 – Credit Suisse AG, London Branch plans to price 0% knock-out notes due July 1, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the knock-out level, expected to be 77.25% of the initial share price, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 10%.
If the final share price is less than the knock-out level, investors will lose 1% for every 1% that Amazon stock declines from the initial share price.
J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
The notes will price June 14.
The Cusip number is 22552FK35.
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