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Credit Suisse plans five-year digital plus barrier notes linked to S&P 500
By Susanna Moon
Chicago, Oct. 7 – Credit Suisse AG, London Branch plans to price 0% digital plus barrier notes due Oct. 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus greater of the gain and the fixed payment of 40% to 45%. The exact digital return will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if index finishes below the 70% knock-in level.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 27 and settle on Oct. 30.
The Cusip number is 22546VMZ6.
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