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Credit Suisse plans digital barrier notes linked to UnitedHealth Group
By Susanna Moon
Chicago, Sept. 27 – Credit Suisse AG, London branch plans to price 0% digital barrier notes due Nov. 7, 2019 linked to UnitedHealth Group Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
If the stock never closes below its 80% knock-in level during the life of the notes, the payout at maturity will be par plus the fixed return of 8.75% to 9.25%.
Otherwise, investors will receive par plus the return with full exposure to any losses.
Credit Suisse Securities (USA) LLC is the agent.
The notes will price on Oct. 4 and settle on Oct. 10.
The Cusip number is 22549JXU9.
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