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Credit Suisse plans accelerated barrier notes tied to Dow, Stoxx
By Susanna Moon
Chicago, Nov. 13 – Credit Suisse AG, London branch plans to price 0% accelerated barrier notes due Dec. 18, 2020 linked to the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 250% of the gain of the worse-performing index up to an underlying return cap, which is expected to be 43.65% to 45.65% and will be set at pricing.
If either index falls but finishes at or above its 60% knock-in level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse-performing index.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Dec. 15.
The Cusip number is 22550BPS6.
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