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Credit Suisse plans CS autocallable notes tied to US Balanced 5% ER
By Sarah Lizee
Olympia, Wash., June 12 – Credit Suisse AG, London Branch plans to price 0% CS autocallable notes due June 30, 2026 linked to the Credit Suisse US Balanced 5% ER index, according to a 424B2 filing with the Securities and Exchange.
The notes will be called at par plus an annual call premium of 6.5% if the asset closes at or above its call level on any annual call valuation date.
The call level will start at 102.25% of the initial level for the first observation date and step up by 225 basis points each year to a final call level of 113.5% of the initial level on June 25, 2025.
The payout at maturity will be par plus 150% of any index gain.
If the index falls, the payout will be par.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on June 25.
The Cusip number is 22552FHM7.
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