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Credit Suisse plans digital barrier notes linked to EM ETF, Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Jan. 3 – Credit Suisse AG, London Branch plans to price 0% digital barrier notes due July 24, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-in event will occur if either underlier finishes below its knock-in level, 75% of its initial level.
If a knock-in event does not occur, the payout at maturity will be par plus the fixed payment percentage, which is expected to be 13.25% to 14.25% and will be set at pricing. If a knock-in event does occur, investors will be exposed to the decline of the lesser-performing underlier.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price Jan. 18.
The Cusip number is 22551LSP6.
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